10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________ 

FORM 10-Q

_____________________________________ 

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended December 28, 2014

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

Commission file number 1-1370

________________________________________

BRIGGS & STRATTON CORPORATION

(Exact name of registrant as specified in its charter)

_____________________________________ 

Wisconsin	39-0182330
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

12301 West Wirth Street, Wauwatosa, Wisconsin 53222

(Address of Principal Executive Offices) (Zip Code)

(414) 259-5333

(Registrant’s telephone number, including area code)

____________________________________________ 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.        Yes  x    No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).   Yes  ¨    No x

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.

Class	Outstanding at January 30, 2015
COMMON STOCK, par value $0.01 per share	45,001,563 Shares

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

INDEX

		Page No.
PART I – FINANCIAL INFORMATION
Item 1.	Financial Statements
	Condensed Consolidated Balance Sheets – December 28, 2014 and June 29, 2014	3
	Condensed Consolidated Statements of Operations – Three and Six Months Ended December 28, 2014 and December 29, 2013	5
	Condensed Consolidated Statements of Comprehensive Income (Loss) – Three and Six Months Ended December 28, 2014 and December 29, 2013	6
	Condensed Consolidated Statements of Cash Flows – Six Months Ended December 28, 2014 and December 29, 2013	7
	Notes to Condensed Consolidated Financial Statements	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	30
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	37
Item 4.	Controls and Procedures	37
PART II – OTHER INFORMATION
Item 1.	Legal Proceedings	37
Item 1A.	Risk Factors	37
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	37
Item 6.	Exhibits	38
Signatures		39
Exhibit Index		40

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

ASSETS

	December 28, 2014		June 29, 2014
CURRENT ASSETS:
Cash and Cash Equivalents	$	51,690	$	194,668
Accounts Receivable, Net	207,883		220,590
Inventories -
Finished Products and Parts	401,354		268,116
Work in Process	126,934		102,431
Raw Materials	11,829		5,556
Total Inventories	540,117		376,103
Deferred Income Tax Asset	49,263		48,958
Prepaid Expenses and Other Current Assets	46,022		30,016
Total Current Assets	894,975		870,335
OTHER ASSETS:
Goodwill	159,680		144,522
Investments	27,967		27,137
Debt Issuance Costs	4,188		4,671
Other Intangible Assets, Net	98,762		80,317
Long-Term Deferred Income Tax Asset	382		15,178
Other Long-Term Assets, Net	11,358		10,539
Total Other Assets	302,337		282,364
PLANT AND EQUIPMENT:
Cost	1,040,489		1,035,848
Less - Accumulated Depreciation	744,711		738,841
Total Plant and Equipment, Net	295,778		297,007
TOTAL ASSETS	$	1,493,090	$	1,449,706

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS (Continued)

(In thousands, except per share data)

(Unaudited)

LIABILITIES & SHAREHOLDERS’ INVESTMENT

	December 28, 2014			June 29, 2014
CURRENT LIABILITIES:
Accounts Payable	$	181,909		$	169,271
Short-Term Debt	87,000			—
Accrued Liabilities	143,365			133,916
Total Current Liabilities	412,274			303,187
OTHER LIABILITIES:
Accrued Pension Cost	114,406			126,529
Accrued Employee Benefits	24,575			24,491
Accrued Postretirement Health Care Obligation	53,626			59,290
Deferred Income Tax Liability	10,179			—
Other Long-Term Liabilities	36,247			38,775
Long-Term Debt	225,000			225,000
Total Other Liabilities	464,033			474,085
SHAREHOLDERS’ INVESTMENT:
Common Stock - Authorized 120,000 shares, $.01 par value, issued 57,854 shares	579			579
Additional Paid-In Capital	74,775			78,466
Retained Earnings	1,028,722			1,048,466
Accumulated Other Comprehensive Loss	(208,119		)	(195,257		)
Treasury Stock at cost, 12,605 and 11,536 shares, respectively	(279,174		)	(259,820		)
Total Shareholders’ Investment	616,783			672,434
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	$	1,493,090		$	1,449,706

The accompanying notes are an integral part of these statements.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

(Unaudited)

	Three Months Ended						Six Months Ended
	December 28, 2014			December 29, 2013			December 28, 2014			December 29, 2013
NET SALES	$	444,287		$	416,592		$	736,916		$	733,896
COST OF GOODS SOLD	349,573			337,333			588,035			607,221
RESTRUCTURING CHARGES	6,846			1,893			13,692			5,478
Gross Profit	87,868			77,366			135,189			121,197
ENGINEERING, SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	73,970			71,777			144,053			140,539
RESTRUCTURING CHARGES	583			425			1,538			425
Income (Loss) from Operations	13,315			5,164			(10,402		)	(19,767		)
INTEREST EXPENSE	(4,890		)	(4,594		)	(9,408		)	(9,103		)
OTHER INCOME, Net	2,052			1,751			4,425			3,843
Income (Loss) Before Income Taxes	10,477			2,321			(15,385		)	(25,027		)
PROVISION (CREDIT) FOR INCOME TAXES	3,534			1,619			(7,049		)	(6,380		)
NET INCOME (LOSS)	$	6,943		$	702		$	(8,336	)	$	(18,647	)
EARNINGS (LOSS) PER SHARE
Basic	$	0.15		$	0.01		$	(0.19	)	$	(0.41	)
Diluted	0.15			0.01			(0.19		)	(0.41		)
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic	44,579			46,825			44,827			46,760
Diluted	44,629			47,987			44,827			46,760
DIVIDENDS PER SHARE	$	0.125		$	0.12		$	0.25		$	0.24

The accompanying notes are an integral part of these statements.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(In thousands)

(Unaudited)

	Three Months Ended						Six Months Ended
	December 28, 2014			December 29, 2013			December 28, 2014			December 29, 2013
Net Income (Loss)	$	6,943		$	702		$	(8,336	)	$	(18,647	)
Other Comprehensive Income (Loss):
Cumulative Translation Adjustments	(11,213		)	(3,625		)	(21,120		)	(3,372		)
Unrealized Gain (Loss) on Derivative Instruments, Net of Tax	(161		)	1,468			3,506			1,187
Unrecognized Pension & Postretirement Obligation, Net of Tax	2,397			4,437			4,752			8,787
Other Comprehensive Income (Loss)	(8,977		)	2,280			(12,862		)	6,602
Total Comprehensive Income (Loss)	$	(2,034	)	$	2,982		$	(21,198	)	$	(12,045	)

The accompanying notes are an integral part of these statements.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

	Six Months Ended
	December 28, 2014			December 29, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss	$	(8,336	)	$	(18,647	)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:
Depreciation and Amortization	26,026			27,757
Stock Compensation Expense	3,382			4,537
Loss on Disposition of Plant and Equipment	132			92
Provision (Credit) for Deferred Income Taxes	8,420			(5,200		)
Equity in Earnings of Unconsolidated Affiliates	(3,341		)	(2,551		)
Dividends Received from Unconsolidated Affiliates	4,381			4,069
Non-Cash Restructuring Charges	9,190			2,208
Change in Operating Assets and Liabilities:
Accounts Receivable	24,305			(1,839		)
Inventories	(151,170		)	(68,101		)
Other Current Assets	7,659			(3,031		)
Accounts Payable, Accrued Liabilities and Income Taxes	(26,912		)	21,194
Other, Net	(7,768		)	(5,736		)
Net Cash Used in Operating Activities	(114,032		)	(45,248		)
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(23,289		)	(18,063		)
Proceeds Received on Disposition of Plant and Equipment	289			61
Cash Paid for Acquisition, Net of Cash Acquired	(62,056		)	—
Net Cash Used in Investing Activities	(85,056		)	(18,002		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments on Short-Term Debt	—			(300		)
Net Borrowings on Revolver	87,000			—
Debt Issuance Costs	—			(942		)
Treasury Stock Purchases	(27,598		)	(21,086		)
Stock Option Exercise Proceeds and Tax Benefits	3,652			994
Cash Dividends Paid	(5,718		)	(5,730		)
Net Cash Provided by (Used in) Financing Activities	57,336			(27,064		)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(1,226		)	31
NET DECREASE IN CASH AND CASH EQUIVALENTS	(142,978		)	(90,283		)
CASH AND CASH EQUIVALENTS, Beginning	194,668			188,445
CASH AND CASH EQUIVALENTS, Ending	$	51,690		$	98,162

The accompanying notes are an integral part of these statements.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

1. General Information

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission and therefore do not include all information and footnotes necessary for a fair statement of financial position, results of operations and cash flows in conformity with accounting principles generally accepted in the United States. The year-end condensed consolidated balance sheet data was derived from audited financial statements, but also does not include all disclosures required by accounting principles generally accepted in the United States. However, in the opinion of Briggs & Stratton Corporation (the Company), adequate disclosures have been presented to prevent the information from being misleading, and all adjustments necessary to fairly present the results of operations and financial position have been included. All of these adjustments are of a normal recurring nature, except as otherwise noted.

Interim results are not necessarily indicative of results for a full year. The information included in these condensed consolidated financial statements should be read in conjunction with the financial statements and the notes thereto that were included in the Company's latest Annual Report on Form 10-K.

2. New Accounting Pronouncements

In May 2014, the Financial Accounting Standard Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers (Topic 606)." The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, under either full or modified retrospective adoption. Early application is not permitted. Management is currently assessing the potential impact of this new accounting pronouncement on the Company's results of operations, financial position, and cash flow.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

3. Accumulated Other Comprehensive Income (Loss)

The following tables set forth the changes in accumulated other comprehensive income (loss) (in thousands):

	Three Months Ended December 28, 2014
	Cumulative Translation Adjustments			Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	3,146		$	2,583		$	(204,871	)	$	(199,142	)
Other Comprehensive Income (Loss) Before Reclassification	(11,213		)	987			—			(10,226		)
Income Tax Benefit (Expense)	—			(375		)	—			(375		)
Net Other Comprehensive Income (Loss) Before Reclassifications	(11,213		)	612			—			(10,601		)
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—			(1,904		)	—			(1,904		)
Realized (Gains) Losses - Commodity Contracts (1)	—			343			—			343
Realized (Gains) Losses - Interest Rate Swaps (1)	—			314			—			314
Amortization of Prior Service Costs (Credits) (2)	—			—			(644		)	(644		)
Amortization of Actuarial Losses (2)	—			—			4,510			4,510
Total Reclassifications Before Tax	—			(1,247		)	3,866			2,619
Income Tax Expense (Benefit)	—			474			(1,469		)	(995		)
Net Reclassifications	—			(773		)	2,397			1,624
Other Comprehensive Income (Loss)	(11,213		)	(161		)	2,397			(8,977		)
Ending Balance	$	(8,067	)	$	2,422		$	(202,474	)	$	(208,119	)

(1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 10 for information related to derivative financial instruments.

(2) Amounts reclassified to net income (loss) are included in the computation of net periodic expense, which is presented in cost of goods sold or engineering, selling, general and administrative expenses. See Note 8 for information related to pension and postretirement benefit plans.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

	Three Months Ended December 29, 2013
	Cumulative Translation Adjustments			Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	12,139		$	(3,954	)	$	(228,791	)	$	(220,606	)
Other Comprehensive Income (Loss) Before Reclassification	(3,625		)	(369		)	—			(3,994		)
Income Tax Benefit (Expense)	—			141			—			141
Net Other Comprehensive Income (Loss) Before Reclassifications	(3,625		)	(228		)	—			(3,853		)
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—			287			—			287
Realized (Gains) Losses - Commodity Contracts (1)	—			2,160			—			2,160
Realized (Gains) Losses - Interest Rate Swaps (1)	—			301			—			301
Amortization of Prior Service Costs (Credits) (2)	—			—			(679		)	(679		)
Amortization of Actuarial Losses (2)	—			—			7,824			7,824
Total Reclassifications Before Tax	—			2,748			7,145			9,893
Income Tax Expense (Benefit)	—			(1,052		)	(2,708		)	(3,760		)
Net Reclassifications	—			1,696			4,437			6,133
Other Comprehensive Income (Loss)	(3,625		)	1,468			4,437			2,280
Ending Balance	$	8,514		$	(2,486	)	$	(224,354	)	$	(218,326	)

(1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 10 for information related to derivative financial instruments.

(2) Amounts reclassified to net income (loss) are included in the computation of net periodic expense, which is presented in cost of goods sold or engineering, selling, general and administrative expenses. See Note 8 for information related to pension and postretirement benefit plans.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

	Six Months Ended December 28, 2014
	Cumulative Translation Adjustments			Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	13,053		$	(1,084	)	$	(207,226	)	$	(195,257	)
Other Comprehensive Income (Loss) Before Reclassification	(21,120		)	6,805			—			(14,315		)
Income Tax Benefit (Expense)	—			(2,586		)	—			(2,586		)
Net Other Comprehensive Income (Loss) Before Reclassifications	(21,120		)	4,219			—			(16,901		)
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—			(2,297		)	—			(2,297		)
Realized (Gains) Losses - Commodity Contracts (1)	—			522			—			522
Realized (Gains) Losses - Interest Rate Swaps (1)	—			625			—			625
Amortization of Prior Service Costs (Credits) (2)	—			—			(1,289		)	(1,289		)
Amortization of Actuarial Losses (2)	—			—			8,955			8,955
Total Reclassifications Before Tax	—			(1,150		)	7,666			6,516
Income Tax Expense (Benefit)	—			437			(2,914		)	(2,477		)
Net Reclassifications	—			(713		)	4,752			4,039
Other Comprehensive Income (Loss)	(21,120		)	3,506			4,752			(12,862		)
Ending Balance	$	(8,067	)	$	2,422		$	(202,474	)	$	(208,119	)

(1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 10 for information related to derivative financial instruments.

(2) Amounts reclassified to net income (loss) are included in the computation of net periodic expense, which is presented in cost of goods sold or engineering, selling, general and administrative expenses. See Note 8 for information related to pension and postretirement benefit plans.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

	Six Months Ended December 29, 2013
	Cumulative Translation Adjustments			Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	11,886		$	(3,673	)	$	(233,141	)	$	(224,928	)
Other Comprehensive Income (Loss) Before Reclassification	(3,372		)	(3,080		)	—			(6,452		)
Income Tax Benefit (Expense)	—			1,180			—			1,180
Net Other Comprehensive Income (Loss) Before Reclassifications	(3,372		)	(1,900		)	—			(5,272		)
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—			749			—			749
Realized (Gains) Losses - Commodity Contracts (1)	—			3,658			—			3,658
Realized (Gains) Losses - Interest Rate Swaps (1)	—			597			—			597
Amortization of Prior Service Costs (Credits) (2)	—			—			(1,358		)	(1,358		)
Amortization of Actuarial Losses (2)	—			—			15,553			15,553
Total Reclassifications Before Tax	—			5,004			14,195			19,199
Income Tax Expense (Benefit)	—			(1,917		)	(5,408		)	(7,325		)
Net Reclassifications	—			3,087			8,787			11,874
Other Comprehensive Income (Loss)	(3,372		)	1,187			8,787			6,602
Ending Balance	$	8,514		$	(2,486	)	$	(224,354	)	$	(218,326	)

(1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 10 for information related to derivative financial instruments.

(2) Amounts reclassified to net income (loss) are included in the computation of net periodic expense, which is presented in cost of goods sold or engineering, selling, general and administrative expenses. See Note 8 for information related to pension and postretirement benefit plans.

4. Acquisitions

On August 29, 2014, the Company acquired all of the outstanding shares of Allmand Bros., Inc. ("Allmand") of Holdrege, Nebraska for total cash consideration of $62.1 million, net of cash acquired. Allmand is a leading designer and manufacturer of high quality towable light towers, industrial heaters, and solar LED arrow boards. Its products are used in a variety of industries, including construction, roadway, oil and gas, mining, and sporting and special events. Allmand's products are generally powered by diesel engines, and distributed through national and regional equipment rental companies, equipment dealers and distributors. Allmand sells its products and service parts in approximately 40 countries. During the first quarter of fiscal 2015, the Company recorded a preliminary purchase price allocation based on its initial estimates of fair value. The preliminary purchase price allocation resulted in the recognition of $17.7 million of goodwill, which was allocated to the Products Segment, and $24.1 million of intangible assets, including $15.7 million of customer relationships, $8.1 million of tradenames, and $0.3 million of other intangible assets.

The results of operations of Allmand have been included in the Condensed Consolidated Statements of Operations since the date of acquisition. Pro forma financial information and allocation of the preliminary purchase price are not presented as the effects of the acquisition are not material to the Company's consolidated results of operations or financial position.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

5. Restructuring Actions

The restructuring actions announced in 2012 were concluded as planned during the fourth quarter of fiscal 2014.

During the first quarter of fiscal 2015, the Company announced and began implementing restructuring actions to narrow its assortment of lower-priced Snapper consumer lawn and garden equipment and consolidate its Products Segment manufacturing facilities in order to reduce costs. The Company expects to close its McDonough, Georgia plant in the fourth quarter of fiscal 2015 and consolidate production into existing facilities in Wisconsin and New York. 

The Company reports restructuring charges associated with manufacturing and related initiatives as costs of goods sold within the Condensed Consolidated Statements of Operations. Restructuring charges reflected as costs of goods sold include, but are not limited to, termination and related costs associated with manufacturing employees, asset impairments and accelerated depreciation relating to manufacturing initiatives, and other costs directly related to the restructuring initiatives implemented. The Company reports all other non-manufacturing related restructuring charges as engineering, selling, general and administrative expenses on the Condensed Consolidated Statements of Operations.

The restructuring actions discussed above resulted in pre-tax charges of $7.4 million ($4.8 million after tax or $0.11 per diluted share) and $15.2 million ($9.9 million after tax or $0.22 per diluted share) recorded within the Products Segment for the second quarter and first six months of fiscal 2015, respectively.

The following is a rollforward of the restructuring reserve (included in Accrued Liabilities within the Condensed Consolidated Balance Sheets) attributable to Products Segment restructuring activities for the six month period ended December 28, 2014 (in thousands):

	Termination Benefits			Other Costs			Total
Reserve Balance at June 29, 2014	$	—		$	105		$	105
Provisions	3,999			11,231			15,230
Cash Expenditures	(332		)	(2,146		)	(2,478		)
Other Adjustments (1)	—			(9,190		)	(9,190		)
Reserve Balance at December 28, 2014	$	3,667		$	—		$	3,667

(1) Other adjustments includes $1.2 million of asset impairments and $7.9 million of accelerated depreciation.

6. Earnings (Loss) Per Share

The Company computes earnings (loss) per share using the two-class method, an earnings allocation formula that determines earnings (loss) per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. The Company’s unvested grants of restricted stock and deferred stock awards contain non-forfeitable rights to dividends (whether paid or unpaid), which are required to be treated as participating securities and included in the computation of basic earnings (loss) per share.

Information on earnings (loss) per share is as follows (in thousands, except per share data):

	Three Months Ended						Six Months Ended
	December 28, 2014			December 29, 2013			December 28, 2014			December 29, 2013
Net Income (Loss)	$	6,943		$	702		$	(8,336	)	$	(18,647	)
Less: Allocation to Participating Securities	(168		)	(151		)	(266		)	(302		)
Net Income (Loss) Available to Common Shareholders	$	6,775		$	551		$	(8,602	)	$	(18,949	)
Average Shares of Common Stock Outstanding	44,579			46,825			44,827			46,760
Diluted Average Shares Outstanding	44,629			47,987			44,827			46,760
Basic Earnings (Loss) Per Share	$	0.15		$	0.01		$	(0.19	)	$	(0.41	)
Diluted Earnings (Loss) Per Share	$	0.15		$	0.01		$	(0.19	)	$	(0.41	)

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

The dilutive effect of the potential exercise of outstanding stock-based awards to acquire common shares is calculated using the treasury stock method. The following options to purchase shares of common stock were excluded from the calculation of diluted earnings (loss) per share as the exercise prices were greater than the average market price of the common shares:

	Three Months Ended				Six Months Ended
	December 28, 2014		December 29, 2013		December 28, 2014		December 29, 2013
Options to Purchase Shares of Common Stock (in thousands)	858		1,845		858		1,348
Weighted Average Exercise Price of Options Excluded	$	20.32	$	28.64	$	20.32	$	31.88

As a result of the Company incurring a net loss for the six months ended December 28, 2014 and December 29, 2013, potential incremental common shares of 1,002,000 and 1,142,000, respectively, were excluded from the calculation of diluted earnings (loss) per share because the effect would have been anti-dilutive.

On January 22, 2014, the Board of Directors of the Company authorized up to $50 million in funds for use in the Company’s common share repurchase program. On August 13, 2014, the Board of Directors of the Company authorized up to an additional $50 million in funds associated with the common share repurchase program. As of December 28, 2014, the total remaining authorization was approximately $59.7 million with an expiration date of June 30, 2016. The common share repurchase program authorizes the purchase of shares of the Company's common stock on the open market or in private transactions from time to time, depending on market conditions and certain governing loan covenants. During the six months ended December 28, 2014, the Company repurchased 1,428,588 shares on the open market at an average price of $19.33 per share, as compared to 1,066,447 shares purchased on the open market at an average price of $19.77 per share during the six months ended December 29, 2013.

7. Investments

This caption represents the Company’s investments in unconsolidated affiliated companies.

During the third quarter of fiscal 2014, the Company joined with one of its independent distributors to form a venture to distribute service parts. The Company contributed non-cash assets in exchange for receiving an ownership interest in the venture. As a result of the transaction, the Company recorded an investment of $6.5 million. In the first quarter of fiscal 2015, a second independent distributor joined the venture and, as a result, the Company recorded an additional investment of $2.8 million. During the second quarter of fiscal 2015, the venture acquired a third independent distributor. The Company uses the equity method to account for this investment, and the earnings of the unconsolidated affiliate are recorded within the Products Segment. As of December 28, 2014, the Company's total investment in the venture was $10.2 million, and its ownership percentage was 11.9%.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

8. Pension and Postretirement Benefits

The Company has noncontributory defined benefit retirement plans and postretirement plans covering certain employees. The following tables summarize the plans’ income and expense for the periods indicated (in thousands):

	Pension Benefits						Other Postretirement Benefits
	Three Months Ended						Three Months Ended
	December 28, 2014			December 29, 2013			December 28, 2014			December 29, 2013
Components of Net Periodic Expense (Income):
Service Cost	$	886		$	1,885		$	63		$	78
Interest Cost on Projected Benefit Obligation	12,430			13,419			907			1,151
Expected Return on Plan Assets	(18,631		)	(18,510		)	—			—
Amortization of:
Prior Service Cost (Credit)	45			45			(689		)	(724		)
Actuarial Loss	3,333			6,275			1,177			1,549
Net Periodic Expense (Income)	$	(1,937	)	$	3,114		$	1,458		$	2,054

	Pension Benefits						Other Postretirement Benefits
	Six Months Ended						Six Months Ended
	December 28, 2014			December 29, 2013			December 28, 2014			December 29, 2013
Components of Net Periodic Expense (Income):
Service Cost	$	1,716		$	3,823		$	148		$	167
Interest Cost on Projected Benefit Obligation	24,891			26,872			1,804			2,300
Expected Return on Plan Assets	(37,319		)	(37,076		)	—			—
Amortization of:
Prior Service Cost (Credit)	90			90			(1,379		)	(1,448		)
Actuarial Loss	6,631			12,545			2,324			3,008
Net Periodic Expense (Income)	$	(3,991	)	$	6,254		$	2,897		$	4,027

On January 1, 2014, an amendment to the Company's defined benefit retirement plans became effective that froze accruals for all U.S. non-bargaining employees. Also, on January 1, 2014, amendments became effective that increased benefits under the defined contribution plans.

The Company expects to make benefit payments of $3.2 million attributable to its non-qualified pension plans during fiscal 2015. During the first six months of fiscal 2015, the Company made payments of approximately $1.3 million for its non-qualified pension plans. The Company anticipates making benefit payments of approximately $12.7 million for its other postretirement benefit plans during fiscal 2015. During the first six months of fiscal 2015, the Company made payments of $8.3 million for its other postretirement benefit plans.

During the first six months of fiscal 2015, the Company made no cash contributions to the qualified pension plan. Based upon current regulations and actuarial studies, the Company is required to make no minimum contributions to the qualified pension plan during the remainder of fiscal 2015. The Company may be required to make further contributions in future years depending upon the actual return on plan assets and the funded status of the plan in future periods.

9. Stock Incentives

Stock based compensation expense is calculated by estimating the fair value of incentive stock awards granted and amortizing the estimated value over the awards' vesting period. Stock based compensation expense was $1.8 million and $3.4 million for the three and six months ended December 28, 2014, respectively. For the three and six months ended December 29, 2013, stock based compensation expense was $1.5 million and $4.5 million, respectively.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

10. Derivative Instruments & Hedging Activities

The Company enters into derivative contracts designated as cash flow hedges to manage certain interest rate, foreign currency and commodity exposures. Company policy allows derivatives to be used only for identifiable exposures and, therefore, the Company does not enter into hedges for trading purposes where the sole objective is to generate profits.

The Company formally designates the financial instrument as a hedge of a specific underlying exposure and documents both the risk management objectives and strategies for undertaking the hedge. The Company formally assesses, both at the inception and at least quarterly thereafter, whether the financial instruments that are used in hedging transactions are effective at offsetting changes in the forecasted cash flows of the related underlying exposure. Because of the high degree of effectiveness between the hedging instrument and the underlying exposure being hedged, fluctuations in the value of the derivative instruments are generally offset by changes in the forecasted cash flows of the underlying exposures being hedged. Derivative financial instruments are recorded on the Condensed Consolidated Balance Sheets as assets or liabilities, measured at fair value. The effective portion of gains or losses on the derivative designated as cash flow hedges are reported as a component of Accumulated Other Comprehensive Income (Loss) (AOCI) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Any ineffective portion of a financial instrument's change in fair value is immediately recognized in earnings.

The Company discontinues hedge accounting prospectively when it determines that the derivative is no longer effective in offsetting cash flows attributable to the hedged risk, the derivative expires or is sold, terminated, or exercised, the cash flow hedge is dedesignated because a forecasted transaction is not probable of occurring, or management determines to remove the designation of the cash flow hedge.

In all situations in which hedge accounting is discontinued and the derivative remains outstanding, the Company continues to carry the derivative at its fair value on the balance sheet and recognizes any subsequent changes in its fair value in earnings. When it is probable that a forecasted transaction will not occur, the Company discontinues hedge accounting and recognizes immediately in earnings gains and losses that were accumulated in other comprehensive income related to the hedging relationship.

The Company enters into interest rate swaps to manage a portion of its interest rate risk from financing certain dealer and distributor inventories through a third party financing source. The swaps are designated as cash flow hedges and are used to effectively fix the interest payments to a third party financing source, exclusive of lender spreads, ranging from 1.17% to 1.60% for a notional principal amount of $95 million with expiration dates ranging from July 2017 through May 2019.

The Company enters into forward foreign currency contracts to hedge the risk from forecasted third party and intercompany sales or payments denominated in foreign currencies. These obligations generally require the Company to exchange foreign currencies for U.S. Dollars, Australian Dollars, Brazilian Real, Canadian Dollars, Chinese Renminbi, Euros, Japanese Yen or Mexican Pesos. These contracts generally do not have a maturity of more than twenty-four months.

The Company uses raw materials that are subject to price volatility. The Company hedges a portion of its exposure to the variability of cash flows associated with commodities used in the manufacturing process by entering into forward purchase contracts or commodity swaps. Derivative contracts designated as cash flow hedges are used by the Company to reduce exposure to variability in cash flows associated with future purchases of natural gas. These contracts generally do not have a maturity of more than twenty-four months.

The Company has considered the counterparty credit risk related to all of its interest rate, foreign currency and commodity derivative contracts and deems any risk of counterparty default to be minimal.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

As of December 28, 2014 and June 29, 2014, the Company had the following outstanding derivative contracts (in thousands):

Contract		Notional Amount
		December 28, 2014	June 29, 2014
Interest Rate:
LIBOR Interest Rate (U.S. Dollars)	Fixed	95,000	95,000
Foreign Currency:
Australian Dollar	Sell	9,764	19,904
Brazilian Real	Sell	18,452	—
Canadian Dollar	Sell	6,450	3,100
Chinese Renminbi	Buy	151,075	—
Euro	Sell	45,200	49,300
Euro	Buy	6,000	—
Japanese Yen	Buy	1,030,000	530,000
Mexican Peso	Sell	—	3,000
Commodity:
Natural Gas (Therms)	Buy	10,041	5,686

The location and fair value of derivative instruments reported in the Condensed Consolidated Balance Sheets are as follows (in thousands):

Balance Sheet Location	Asset (Liability) Fair Value
	December 28, 2014			June 29, 2014
Interest rate contracts
Other Long-Term Assets	$	56		$	43
Other Long-Term Liabilities	(795		)	(1,209		)
Foreign currency contracts
Other Current Assets	8,245			337
Other Long-Term Assets	438			12
Accrued Liabilities	(1,168		)	(665		)
Other Long-Term Liabilities	—			(9		)
Commodity contracts
Other Current Assets	—			39
Accrued Liabilities	(630		)	(35		)
Other Long-Term Liabilities	(143		)	(14		)
	$	6,003		$	(1,501	)

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

The effect of derivative instruments on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) is as follows (in thousands):

	Three months ended December 28, 2014
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective Portion)
Interest rate contracts	$	(89	)	Net Sales	$	(314	)	$	—
Foreign currency contracts - sell	394			Net Sales	2,079			—
Foreign currency contracts - buy	(251		)	Cost of Goods Sold	(175		)	—
Commodity contracts	(215		)	Cost of Goods Sold	(343		)	—
	$	(161	)		$	1,247		$	—

	Three months ended December 29, 2013
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective Portion)
Interest rate contracts	$	255		Net Sales	$	(301	)	$	—
Foreign currency contracts - sell	(151		)	Net Sales	(115		)	—
Foreign currency contracts - buy	(67		)	Cost of Goods Sold	(172		)	—
Commodity contracts	1,431			Cost of Goods Sold	(2,160		)	—
	$	1,468			$	(2,748	)	$	—

	Six months ended December 28, 2014
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective Portion)
Interest rate contracts	$	261		Net Sales	$	(625	)	$	—
Foreign currency contracts - sell	3,840			Net Sales	2,543			—
Foreign currency contracts - buy	(408		)	Cost of Goods Sold	(246		)	—
Commodity contracts	(187		)	Cost of Goods Sold	(522		)	—
	$	3,506			$	1,150		$	—

	Six months ended December 29, 2013
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective Portion)
Interest rate contracts	$	5		Net Sales	$	(597	)	$	—
Foreign currency contracts - sell	(1,099		)	Net Sales	(110		)	—
Foreign currency contracts - buy	(28		)	Cost of Goods Sold	(639		)	—
Commodity contracts	2,309			Cost of Goods Sold	(3,658		)	—
	$	1,187			$	(5,004	)	$	—

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

During the next twelve months, the estimated net amount of income on cash flow hedges as of December 28, 2014 expected to be reclassified out of AOCI into earnings is $3.2 million.

11. Fair Value Measurements

The following guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels:

Level 1: Quoted prices for identical instruments in active markets.

Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-driven valuations whose inputs are observable or whose significant value drivers are observable.

Level 3: Significant inputs to the valuation model are unobservable.

The following table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 28, 2014 and June 29, 2014 (in thousands):

			Fair Value Measurements Using
	December 28, 2014		Level 1		Level 2		Level 3
Assets:
Derivatives	$	8,739	$	—	$	8,739	$	—
Liabilities:
Derivatives	$	2,736	$	—	$	2,736	$	—
	June 29, 2014		Level 1		Level 2		Level 3
Assets:
Derivatives	$	431	$	—	$	431	$	—
Liabilities:
Derivatives	$	1,932	$	—	$	1,932	$	—

The fair value for Level 2 measurements are based upon the respective quoted market prices for comparable instruments in active markets, which include current market pricing for forward purchases of commodities, foreign currency forwards, and current interest rates.

The Company has currently chosen not to elect the fair value option for any items that are not already required to be measured at fair value in accordance with accounting principles generally accepted in the United States.

The estimated fair value of the Company's Senior Notes (as defined in Note 16) at December 28, 2014 and June 29, 2014 was $247.9 million and $251.4 million, respectively, compared to the carrying value of $225.0 million on each date. The estimated fair value of the Senior Notes is based on quoted market prices for similar instruments and is, therefore, classified as Level 2 within the valuation hierarchy. The carrying value of the Revolver (as defined in Note 16) approximates fair value since the underlying rate of interest is variable based upon LIBOR rates.  

The Company believes that the carrying values of cash and cash equivalents, trade receivables, and accounts payable are reasonable estimates of their fair values at December 28, 2014 and June 29, 2014 due to the short-term nature of these instruments.

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12. Warranty

The Company recognizes the cost associated with its standard warranty on Engines and Products at the time of sale. The general warranty period begins at the time of sale and typically covers two years, but may vary due to product type and geographic location. The amount recognized is based on historical failure rates and current claim cost experience. The following is a reconciliation of the changes in accrued warranty costs for the reporting period (in thousands):

	Six Months Ended
	December 28, 2014			December 29, 2013
Beginning Balance	$	44,744		$	45,037
Payments	(15,201		)	(15,108		)
Provision for Current Year Warranties	13,235			12,083
Changes in Estimates	(39		)	(438		)
Ending Balance	$	42,739		$	41,574

13. Income Taxes

The effective tax rates for the second quarter and first six months of fiscal 2015 were 33.7% and 45.8%, compared to 69.8% and 25.5% for the respective periods last year. The tax rates for the second quarter and first six months of fiscal 2015 were primarily driven by losses incurred at certain foreign subsidiaries for which the Company does not receive tax benefits and the re-enactment of the U.S. research and development tax credit. In addition, the tax rate for the first six months of fiscal 2015 was impacted by the reversal of previously recorded reserves as a result of the effective settlement of the Company’s IRS audit. The tax rates for the second quarter and first six months of fiscal 2014 were primarily driven by losses incurred at certain foreign subsidiaries for which the Company did not receive tax benefits.

For the six months ended December 28, 2014, the Company's unrecognized tax benefits decreased by $2.0 million, all of which impacted the current effective tax rate. This amount substantially consists of the aforementioned reversal of reserves.

Income tax returns are filed in the U.S., state, and foreign jurisdictions and related audits occur on a regular basis. The Company is no longer subject to U.S. federal income tax examinations before fiscal 2012 and is currently under audit by various jurisdictions. With respect to the Company's major foreign jurisdictions, they are no longer subject to tax examinations before fiscal 2004.

14. Commitments and Contingencies

Briggs & Stratton is subject to various unresolved legal actions that arise in the normal course of its business. These actions typically relate to product liability (including asbestos-related liability), patent and trademark matters, and disputes with customers, suppliers, distributors and dealers, competitors and employees.

On May 14, 2010, the Company notified retirees and certain retirement eligible employees of various amendments to the Company-sponsored retiree medical plans intended to better align the plans offered to both hourly and salaried retirees. On August 16, 2010, a putative class of retirees who retired prior to August 1, 2006 and the United Steel Workers filed a complaint in the U.S. District Court for the Eastern District of Wisconsin (Merrill, Weber, Carpenter, et al.; United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO/CLC v. Briggs & Stratton Corporation; Group Insurance Plan of Briggs & Stratton Corporation; and Does 1 through 20, Docket No. 10-C-0700), contesting the Company's right to make these changes. The complaint seeks an injunction preventing the alleged unilateral termination or reduction in insurance coverage to the class of retirees, a permanent injunction preventing defendants from ever making changes to the retirees' insurance coverage, restitution with interest (if applicable) and attorneys' fees and costs. A class has been certified, and discovery has concluded. Both parties moved for summary judgment, which was fully briefed on December 23, 2014. Summary judgment is currently pending before the court, and no hearing date has been set.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

Although it is not possible to predict with certainty the outcome of these unresolved legal actions or the range of possible loss, the Company believes the unresolved legal actions will not have a material adverse effect on its results of operations, financial position or cash flows.

15. Segment Information

The Company maintains two reportable business segments that are managed separately based on fundamental differences in their operations. Beginning in fiscal 2015, the Company is using “segment income (loss)” as the primary measure to evaluate operating performance and allocate capital resources for the Engines and Products Segments. Previously, the Company used income (loss) from operations. Segment income (loss) is defined as income (loss) from operations plus equity in earnings of unconsolidated affiliates. The Company has recast prior year amounts for comparability. Summarized segment data is as follows (in thousands):

	Three Months Ended						Six Months Ended
	December 28, 2014			December 29, 2013			December 28, 2014			December 29, 2013
NET SALES:
Engines	$	271,704		$	265,712		$	424,820		$	449,499
Products	199,050			171,528			365,178			324,564
Inter-Segment Eliminations	(26,467		)	(20,648		)	(53,082		)	(40,167		)
Total	$	444,287		$	416,592		$	736,916		$	733,896
GROSS PROFIT:
Engines	$	62,896		$	54,257		$	90,696		$	79,493
Products	25,213			21,959			44,597			39,784
Inter-Segment Eliminations	(241		)	1,150			(104		)	1,920
Total	$	87,868		$	77,366		$	135,189		$	121,197
SEGMENT INCOME (LOSS):
Engines	$	18,894		$	9,292		$	5,040		$	(7,266	)
Products	(3,884		)	(4,256		)	(11,997		)	(11,870		)
Inter-Segment Eliminations	(241		)	1,150			(104		)	1,920
Total	$	14,769		$	6,186		$	(7,061	)	$	(17,216	)
Reconciliation from Segment Income (Loss) to Income (Loss) Before Income Taxes:
Equity in Earnings from Unconsolidated Affiliates	1,454			1,022			3,341			2,551
Income (Loss) from Operations	$	13,315		$	5,164		$	(10,402	)	$	(19,767	)
INTEREST EXPENSE	(4,890		)	(4,594		)	(9,408		)	(9,103		)
OTHER INCOME, Net	2,052			1,751			4,425			3,843
Income (Loss) Before Income Taxes	10,477			2,321			(15,385		)	(25,027		)
PROVISION (CREDIT) FOR INCOME TAXES	3,534			1,619			(7,049		)	(6,380		)
Net Income (Loss)	$	6,943		$	702		$	(8,336	)	$	(18,647	)

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

Pre-tax restructuring charges and acquisition-related charges included in gross profit were as follows (in thousands):

	Three Months Ended				Six Months Ended
	December 28, 2014		December 29, 2013		December 28, 2014		December 29, 2013
PRE-TAX RESTRUCTURING CHARGES AND ACQUISITION-RELATED CHARGES INCLUDED IN GROSS PROFIT:
Engines	$	—	$	1,631	$	—	$	3,396
Products	6,846		262		14,864		2,082
Total	$	6,846	$	1,893	$	14,864	$	5,478

Pre-tax restructuring charges and acquisition-related charges included in segment income (loss) were as follows (in thousands):

	Three Months Ended				Six Months Ended
	December 28, 2014		December 29, 2013		December 28, 2014		December 29, 2013
PRE-TAX RESTRUCTURING CHARGES AND ACQUISITION-RELATED CHARGES INCLUDED IN SEGMENT INCOME (LOSS):
Engines	$	—	$	2,056	$	—	$	3,821
Products	7,610		262		16,761		2,082
Total	$	7,610	$	2,318	$	16,761	$	5,903

16. Debt

The following is a summary of the Company’s indebtedness (in thousands):

	December 28, 2014		June 29, 2014
Senior Notes	$	225,000	$	225,000
Multicurrency Credit Agreement	87,000		—
	$	312,000	$	225,000

On December 20, 2010, the Company issued $225 million of 6.875% Senior Notes ("Senior Notes") due December 15, 2020.  

On October 21, 2013, the Company entered into an amendment to its $500 million multicurrency credit agreement (the “Revolver”), which, among other things, extended the maturity of the Revolver from October 13, 2016 to October 21, 2018. The initial maximum availability under the revolving credit facility is $500 million. Availability under the revolving credit facility is reduced by outstanding letters of credit. The Company may from time to time increase the maximum availability under the revolving credit facility by up to $250 million if certain conditions are satisfied. In connection with the amendment to the Revolver in the second quarter of fiscal 2014, the Company incurred approximately $0.9 million in new debt issuance costs, which are being amortized over the life of the Revolver using the straight-line method. As of December 28, 2014, $87.0 million was outstanding under the Revolver.

The Senior Notes and Revolver contain restrictive covenants. These covenants include restrictions on the Company’s ability to: pay dividends; repurchase shares; incur indebtedness; create liens; enter into sale and leaseback transactions; consolidate or merge with other entities; sell or lease all or substantially all of its assets; and dispose of assets or use proceeds from sales of its assets. The Revolver contains financial covenants that require the Company to maintain a minimum interest coverage ratio and impose a maximum average leverage ratio.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

17. Separate Financial Information of Subsidiary Guarantor of Indebtedness

Under the terms of the Company’s Senior Notes and the Revolver (collectively, the “Domestic Indebtedness”), Briggs & Stratton Power Products Group, LLC, a 100% owned subsidiary of the Company, was the sole joint and several guarantor of the Domestic Indebtedness (the “Guarantor”) as of December 28, 2014 and June 29, 2014. The Guarantor provides a full and unconditional guarantee of the Domestic Indebtedness, except for certain customary limitations. Additionally, if at any time a domestic subsidiary of the Company constitutes a significant domestic subsidiary, then such domestic subsidiary will also become a guarantor of the Domestic Indebtedness. Currently, all of the Domestic Indebtedness is unsecured. If the Company were to fail to make a payment of interest or principal on its due date, the Guarantor is obligated to pay the outstanding Domestic Indebtedness. The Company had the following outstanding amounts related to the guaranteed debt (in thousands):

	December 28, 2014 Carrying Amount		Maximum Guarantee
Senior Notes	$	225,000	$	225,000
Multicurrency Credit Agreement	$	87,000	$	500,000

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

The following condensed supplemental consolidating financial information reflects the summarized financial information of Briggs & Stratton, its Guarantors and Non-Guarantor Subsidiaries (in thousands):

CONSOLIDATING BALANCE SHEET

As of December 28, 2014

(Unaudited)

	Briggs & Stratton Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
CURRENT ASSETS:
Cash and Cash Equivalents	$	4,751	$	1,304	$	45,635	$	—		$	51,690
Accounts Receivable, Net	108,449		41,313		58,121		—			207,883
Intercompany Accounts Receivable	30,884		6,938		40,247		(78,069		)	—
Inventories, Net	290,002		169,779		80,336		—			540,117
Deferred Income Tax Asset	32,803		14,534		1,926		—			49,263
Prepaid Expenses and Other Current Assets	35,977		1,736		8,309		—			46,022
Total Current Assets	$	502,866	$	235,604	$	234,574	$	(78,069	)	$	894,975
OTHER ASSETS:
Goodwill	$	128,300	$	—	$	31,380	$	—		$	159,680
Investments	27,967		—		—		—			27,967
Investments in Subsidiaries	507,884		—		—		(507,884		)	—
Intercompany Note Receivable	43,460		105,904		22,903		(172,267		)	—
Debt Issuance Costs	4,188		—		—		—			4,188
Other Intangible Assets, Net	—		55,308		43,454		—			98,762
Long-Term Deferred Income Tax Asset	21,232		—		382		(21,232		)	382
Other Long-Term Assets, Net	8,023		1,918		1,417		—			11,358
Total Other Assets	$	741,054	$	163,130	$	99,536	$	(701,383	)	$	302,337
PLANT AND EQUIPMENT, NET	238,147		31,012		26,619		—			295,778
TOTAL ASSETS	$	1,482,067	$	429,746	$	360,729	$	(779,452	)	$	1,493,090
CURRENT LIABILITIES:
Accounts Payable	$	110,631	$	39,466	$	31,812	$	—		$	181,909
Intercompany Accounts Payable	28,364		11,699		38,006		(78,069		)	—
Short-Term Debt	87,000		—		—		—			87,000
Accrued Liabilities	89,220		34,775		19,370		—			143,365
Total Current Liabilities	$	315,215	$	85,940	$	89,188	$	(78,069	)	$	412,274
OTHER LIABILITIES:
Accrued Pension Cost	$	113,453	$	394	$	559	$	—		$	114,406
Accrued Employee Benefits	24,575		—		—		—			24,575
Accrued Postretirement Health Care Obligation	39,329		14,297		—		—			53,626
Intercompany Note Payable	119,655		—		52,612		(172,267		)	—
Deferred Income Tax Liabilities	—		20,638		10,773		(21,232		)	10,179
Other Long-Term Liabilities	28,057		7,283		907		—			36,247
Long-Term Debt	225,000		—		—		—			225,000
Total Other Liabilities	$	550,069	$	42,612	$	64,851	$	(193,499	)	$	464,033
TOTAL SHAREHOLDERS’ INVESTMENT:	616,783		301,194		206,690		(507,884		)	616,783
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	$	1,482,067	$	429,746	$	360,729	$	(779,452	)	$	1,493,090

24

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

CONSOLIDATING BALANCE SHEET

As of June 29, 2014

	Briggs & Stratton Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
CURRENT ASSETS:
Cash and Cash Equivalents	$	138,926	$	2,680	$	53,062	$	—		$	194,668
Accounts Receivable, Net	86,099		100,062		34,429		—			220,590
Intercompany Accounts Receivable	15,987		3,492		32,826		(52,305		)	—
Inventories, Net	165,159		146,749		64,195		—			376,103
Deferred Income Tax Asset	33,343		13,904		1,711		—			48,958
Prepaid Expenses and Other Current Assets	17,436		3,508		9,072		—			30,016
Total Current Assets	$	456,950	$	270,395	$	195,295	$	(52,305	)	$	870,335
OTHER ASSETS:
Goodwill	$	128,300	$	—	$	16,222	$	—		$	144,522
Investments	27,137		—		—		—			27,137
Investments in Subsidiaries	470,391		—		—		(470,391		)	—
Intercompany Note Receivable	49,293		84,567		13,876		(147,736		)	—
Debt Issuance Costs	4,671		—		—		—			4,671
Other Intangible Assets, Net	—		55,909		24,408		—			80,317
Long-Term Deferred Income Tax Asset	32,507		—		677		(18,006		)	15,178
Other Long-Term Assets, Net	7,120		2,088		1,331		—			10,539
Total Other Assets	$	719,419	$	142,564	$	56,514	$	(636,133	)	$	282,364
PLANT AND EQUIPMENT, NET	241,166		39,863		15,978		—			297,007
TOTAL ASSETS	$	1,417,535	$	452,822	$	267,787	$	(688,438	)	$	1,449,706
CURRENT LIABILITIES:
Accounts Payable	$	105,532	$	45,171	$	18,568	$	—		$	169,271
Intercompany Accounts Payable	21,859		6,002		24,444		(52,305		)	—
Accrued Liabilities	85,735		31,863		16,318		—			133,916
Total Current Liabilities	$	213,126	$	83,036	$	59,330	$	(52,305	)	$	303,187
OTHER LIABILITIES:
Accrued Pension Cost	$	125,481	$	421	$	627	$	—		$	126,529
Accrued Employee Benefits	24,491		—		—		—			24,491
Accrued Postretirement Health Care Obligation	44,928		14,362		—		—			59,290
Intercompany Note Payable	85,343		—		62,393		(147,736		)	—
Deferred Income Tax Liabilities			18,006		—		(18,006		)	—
Other Long-Term Liabilities	26,732		11,037		1,006		—			38,775
Long-Term Debt	225,000		—		—		—			225,000
Total Other Liabilities	$	531,975	$	43,826	$	64,026	$	(165,742	)	$	474,085
TOTAL SHAREHOLDERS’ INVESTMENT:	672,434		325,960		144,431		(470,391		)	672,434
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	$	1,417,535	$	452,822	$	267,787	$	(688,438	)	$	1,449,706

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months EndedDecember 28, 2014

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Net Sales	$	262,278		$	131,030		$	109,095	$	(58,116	)	$	444,287
Cost of Goods Sold	205,012			117,706			84,971		(58,116		)	349,573
Restructuring Charges	—			6,846			—		—			6,846
Gross Profit	57,266			6,478			24,124		—			87,868
Engineering, Selling, General and Administrative Expenses	40,433			18,087			15,450		—			73,970
Restructuring Charges	—			583			—		—			583
Equity in Loss from Subsidiaries	1,283			—			—		(1,283		)	—
Income (Loss) from Operations	15,550			(12,192		)	8,674		1,283			13,315
Interest Expense	(4,855		)	(35		)	—		—			(4,890		)
Other Income, Net	1,389			315			348		—			2,052
Income (Loss) before Income Taxes	12,084			(11,912		)	9,022		1,283			10,477
Provision (Credit) for Income Taxes	5,141			(4,498		)	2,891		—			3,534
Net Income (Loss)	$	6,943		$	(7,414	)	$	6,131	$	1,283		$	6,943
Comprehensive Income (Loss)	$	(2,034	)	$	(7,624	)	$	437	$	7,187		$	(2,034	)

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months EndedDecember 29, 2013

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	250,564		$	134,785		$	80,288		$	(49,045	)	$	416,592
Cost of Goods Sold	200,716			122,697			62,965			(49,045		)	337,333
Restructuring Charges	1,597			—			296			—			1,893
Gross Profit	48,251			12,088			17,027			—			77,366
Engineering, Selling, General and Administrative Expenses	42,243			18,094			11,440			—			71,777
Restructuring Charges	77			—			348			—			425
Equity in Loss from Subsidiaries	(436		)	—			—			436			—
Income (Loss) from Operations	6,367			(6,006		)	5,239			(436		)	5,164
Interest Expense	(4,582		)	—			(12		)	—			(4,594		)
Other Income, Net	1,611			95			45			—			1,751
Income (Loss) before Income Taxes	3,396			(5,911		)	5,272			(436		)	2,321
Provision (Credit) for Income Taxes	2,694			(2,174		)	1,099			—			1,619
Net Income (Loss)	$	702		$	(3,737	)	$	4,173		$	(436	)	$	702
Comprehensive Income (Loss)	$	2,982		$	(3,590	)	$	2,332		$	1,258		$	2,982

26

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Six Months EndedDecember 28, 2014

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	407,856		$	247,968		$	199,911		$	(118,819	)	$	736,916
Cost of Goods Sold	328,968			221,737			156,149			(118,819		)	588,035
Restructuring Charges	—			13,692			—			—			13,692
Gross Profit	78,888			12,539			43,762			—			135,189
Engineering, Selling, General and Administrative Expenses	77,300			35,744			31,009			—			144,053
Restructuring Charges	—			1,538			—			—			1,538
Equity in Loss from Subsidiaries	6,004			—			—			(6,004		)	—
Income (Loss) from Operations	(4,416		)	(24,743		)	12,753			6,004			(10,402		)
Interest Expense	(9,301		)	(106		)	(1		)	—			(9,408		)
Other Income, Net	3,315			775			335			—			4,425
Income (Loss) before Income Taxes	(10,402		)	(24,074		)	13,087			6,004			(15,385		)
Provision (Credit) for Income Taxes	(2,066		)	(8,979		)	3,996			—			(7,049		)
Net Income (Loss)	$	(8,336	)	$	(15,095	)	$	9,091		$	6,004		$	(8,336	)
Comprehensive Income (Loss)	$	(21,198	)	$	(15,031	)	$	(2,063	)	$	17,094		$	(21,198	)

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Six Months EndedDecember 29, 2013

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	425,354		$	252,549		$	150,697		$	(94,704	)	$	733,896
Cost of Goods Sold	354,253			229,391			118,281			(94,704		)	607,221
Restructuring Charges	3,396			339			1,743			—			5,478
Gross Profit	67,705			22,819			30,673			—			121,197
Engineering, Selling, General and Administrative Expenses	79,751			35,691			25,097			—			140,539
Restructuring Charges	77			—			348			—			425
Equity in Loss from Subsidiaries	5,117			—			—			(5,117		)	—
Income (Loss) from Operations	(17,240		)	(12,872		)	5,228			5,117			(19,767		)
Interest Expense	(9,076		)	—			(27		)	—			(9,103		)
Other Income, Net	3,803			185			(145		)	—			3,843
Income (Loss) before Income Taxes	(22,513		)	(12,687		)	5,056			5,117			(25,027		)
Provision (Credit) for Income Taxes	(3,866		)	(4,678		)	2,164			—			(6,380		)
Net Income (Loss)	$	(18,647	)	$	(8,009	)	$	2,892		$	5,117		$	(18,647	)
Comprehensive Income (Loss)	$	(12,045	)	$	(8,205	)	$	2,509		$	5,696		$	(12,045	)

27

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Six Months EndedDecember 28, 2014

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Cash Provided by (Used in) Operating Activities	$	(138,405	)	$	22,575		$	2,501		$	(703	)	$	(114,032	)
Cash Flows from Investing Activities:
Additions to Plant and Equipment	(16,344		)	(2,739		)	(4,206		)	—			(23,289		)
Proceeds Received on Disposition of Plant and Equipment	84			136			69			—			289
Cash Investment in Subsidiary	(4,650		)	—			—			4,650			—
Cash Paid for Acquisition, Net of Cash Acquired	(62,056		)	—			—			—			(62,056		)
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	29,860			—			—			(29,860		)	—
Net Cash Provided by (Used in) Investing Activities	(53,106		)	(2,603		)	(4,137		)	(25,210		)	(85,056		)
Cash Flows from Financing Activities:
Net Borrowings (Repayments) on Loans, Revolver, Notes Payable and Long-Term Debt	87,000			(21,348		)	(8,512		)	29,860			87,000
Treasury Stock Purchases	(27,598		)	—			—			—			(27,598		)
Stock Option Exercise Proceeds and Tax Benefits	3,652			—			—			—			3,652
Cash Dividends Paid	(5,718		)	—			—			—			(5,718		)
Cash Investment in Subsidiary	—			—			3,947			(3,947		)	—
Net Cash Provided by (Used in) Financing Activities	57,336			(21,348		)	(4,565		)	25,913			57,336
Effect of Foreign Currency Exchange Rate Changes on Cash and Cash Equivalents	—			—			(1,226		)	—			(1,226		)
Net Increase (Decrease) in Cash and Cash Equivalents	(134,175		)	(1,376		)	(7,427		)	—			(142,978		)
Cash and Cash Equivalents, Beginning	138,926			2,680			53,062			—			194,668
Cash and Cash Equivalents, Ending	$	4,751		$	1,304		$	45,635		$	—		$	51,690

28

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Six Months EndedDecember 29, 2013

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net Cash Provided by (Used in) Operating Activities	$	(98,437	)	$	28,940		$	24,249		$	—	$	(45,248	)
Cash Flows from Investing Activities:
Additions to Plant and Equipment	(15,904		)	(1,365		)	(794		)	—		(18,063		)
Proceeds Received on Disposition of Plant and Equipment	28			33			—			—		61
Cash Investment in Subsidiary	8,107			—			(8,107		)	—		—
Net Cash Provided by (Used in) Investing Activities	(7,769		)	(1,332		)	(8,901		)	—		(18,002		)
Cash Flows from Financing Activities:
Repayments on Short-Term Debt	—			—			(300		)	—		(300		)
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	27,300			(27,300		)	—			—		—
Debt Issuance Costs	(942		)	—			—			—		(942		)
Treasury Stock Purchases	(21,086		)	—			—			—		(21,086		)
Stock Option Exercise Proceeds and Tax Benefits	994			—			—			—		994
Cash Dividends Paid	(5,730		)	—			—			—		(5,730		)
Net Cash Provided by (Used in) Financing Activities	536			(27,300		)	(300		)	—		(27,064		)
Effect of Foreign Currency Exchange Rate Changes on Cash and Cash Equivalents	—			—			31			—		31
Net Increase (Decrease) in Cash and Cash Equivalents	(105,670		)	308			15,079			—		(90,283		)
Cash and Cash Equivalents, Beginning	162,628			1,275			24,542			—		188,445
Cash and Cash Equivalents, Ending	$	56,958		$	1,583		$	39,621		$	—	$	98,162

29

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

RESULTS OF OPERATIONS

The following table is a reconciliation of financial results by segment, as reported, to adjusted financial results by segment, excluding restructuring actions and acquisition-related charges, for the three months ended fiscal December 2015 and 2014 (in thousands, except per share data):

	Three Months Ended Fiscal December
	2015 Reported			Adjustments(1)		2015 Adjusted (2)			2014 Reported			Adjustments(1)		2014 Adjusted(2)
NET SALES:
Engines	$	271,704		$	—	$	271,704		$	265,712		$	—	$	265,712
Products	199,050			—		199,050			171,528			—		171,528
Inter-Segment Eliminations	(26,467		)	—		(26,467		)	(20,648		)	—		(20,648		)
Total	$	444,287		$	—	$	444,287		$	416,592		$	—	$	416,592
GROSS PROFIT:
Engines	$	62,896		$	—	$	62,896		$	54,257		$	1,631	$	55,888
Products	25,213			6,846		32,059			21,959			262		22,221
Inter-Segment Eliminations	(241		)	—		(241		)	1,150			—		1,150
Total	$	87,868		$	6,846	$	94,714		$	77,366		$	1,893	$	79,259
SEGMENT INCOME (LOSS) (3):
Engines	$	18,894		$	—	$	18,894		$	9,292		$	2,056	$	11,348
Products	(3,884		)	7,610		3,726			(4,256		)	262		(3,994		)
Inter-Segment Eliminations	(241		)	—		(241		)	1,150			—		1,150
Total	$	14,769		$	7,610	$	22,379		$	6,186		$	2,318	$	8,504
Reconciliation from Segment Income (Loss) to Income from Operations:
Equity in Earnings from Unconsolidated Affiliates	1,454			—		1,454			1,022			—		1,022
Income from Operations	$	13,315		$	7,610	$	20,925		$	5,164		$	2,318	$	7,482
INTEREST EXPENSE	(4,890		)	—		(4,890		)	(4,594		)	—		(4,594		)
OTHER INCOME, Net	2,052			—		2,052			1,751			—		1,751
Income Before Income Taxes	10,477			7,610		18,087			2,321			2,318		4,639
PROVISION FOR INCOME TAXES	3,534			2,664		6,198			1,619			722		2,341
Net Income	$	6,943		$	4,946	$	11,889		$	702		$	1,596	$	2,298
EARNINGS PER SHARE
Basic	$	0.15		$	0.11	$	0.26		$	0.01		$	0.04	$	0.05
Diluted	0.15			0.11		0.26			0.01			0.04		0.05

(1) For the second quarter of fiscal 2015, includes restructuring charges of $7,429 net of $2,600 of taxes and acquisition-related charges of $181 net of $64 of taxes. For the second quarter of fiscal 2014, includes restructuring charges of $2,318 net of $722 of taxes.

(2) Adjusted financial results are non-GAAP financial measures. The Company believes this information is meaningful to investors as it isolates the impact that restructuring charges and acquisition related charges have on reported financial results and facilitates comparisons between peer companies. The Company may utilize non-GAAP financial measures as a guide in the forecasting, budgeting, and long-term planning process. While the Company believes that adjusted financial results are useful supplemental information, such adjusted financial results are not intended to replace our GAAP financial results and should be read in conjunction with those GAAP results.

(3) The Company defines segment income (loss) as income from operations plus equity in earnings from unconsolidated affiliates.

30

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

NET SALES

Consolidated net sales for the second quarter of fiscal 2015 were $444.3 million, an increase of $27.7 million or 6.6% from the second quarter of fiscal 2014. The increase primarily relates to a favorable mix of engines sold, higher sales of pressure washers, snow throwers and commercial lawn and garden equipment in North America, and the results of the Allmand acquisition, which closed in August of this fiscal year. The increase in net sales was partially offset by reduced shipment volumes of small engines used on walk mowers in North America due to elevated channel inventories following this past season and lower generator sales due to adequate channel inventories and no major storm activity.

Engines Segment net sales of $271.7 million in the second quarter of fiscal 2015 increased $6.0 million or 2.1% from the prior year. Net sales increased due to an improved sales mix of large engines used on lawn and garden equipment for the North American and European markets and higher service parts sales. Total engine volumes shipped in the quarter decreased by 2.2% or approximately 40,000 engines. The decrease in unit shipments was due to reduced shipments of small engines used on walk mowers in North America resulting from elevated inventories following this past lawn and garden season.

Products Segment net sales of $199.1 million in the second quarter of fiscal 2015 increased by $27.5 million or 16.1% from the prior year. This increase was due to higher sales of pressure washers, commercial lawn and garden equipment and snow throwers in North America and the results of the Allmand acquisition. Partially offsetting the increase were lower sales of riding mowers and snow throwers in Europe following last year’s mild winter, lower generator sales due to adequate channel inventories and no major storm activity, and an unfavorable foreign exchange impact of $1.1 million primarily due to the devaluation of the Australian dollar and Brazilian Real.

GROSS PROFIT

The consolidated gross profit percentage was 19.8% in the second quarter of fiscal 2015, an increase from 18.6% in the same period last year.

The Engines Segment gross profit percentage was 23.1% in the second quarter of fiscal 2015, higher than the 20.4% in the second quarter of fiscal 2014. The Engines Segment adjusted gross profit percentage for the second quarter of 2015 was 23.1%, which was higher than the 21.0% in the second quarter of fiscal 2014. Engines segment adjusted gross profit margins improved 210 basis points year over year on an improved product sales mix of large engines and lower retirement plan expense. Favorable sales mix, which was driven by higher service parts sales and proportionately higher sales of large engines, improved adjusted gross profit margins by 100 basis points. Favorable foreign exchange, primarily related to the Japanese Yen, improved adjusted gross profit margins by 50 basis points. The previously announced retirement plan changes, which were implemented in January of calendar 2014, improved fiscal 2015 adjusted gross profit margins by $2.4 million, or 90 basis points. These improvements were partially offset by slightly lower production levels and certain production cost increases.

The Products Segment gross profit percentage was 12.7% for the second quarter of fiscal 2015, slightly down from 12.8% in the second quarter of fiscal 2014. The Products Segment adjusted gross profit percentage for the second quarter of 2015 was 16.1%, which was higher than the 13.0% for the second quarter of fiscal 2014. Products adjusted gross profit margins increased by 310 basis points year over year due to improved sales mix, including the Allmand acquisition, and higher manufacturing throughput. Favorable sales mix improved adjusted gross margins by 340 basis points due to a focus on selling higher margin lawn and garden equipment and the benefit of the Allmand acquisition. In addition, manufacturing throughput increased year over year by 36%, benefitting adjusted gross margins by approximately 160 basis points. Throughput is increased due to higher production of snow throwers as well as pressure washers and riding mowers to facilitate the previously announced upcoming closure of the McDonough, Georgia plant. Offsetting the increase in adjusted gross profit margins was an unfavorable foreign exchange impact of approximately 150 basis points primarily due to the devaluation of the Australian dollar and Brazilian Real, and the unfavorable impact of 40 basis points due to slightly higher material costs.

ENGINEERING, SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

Engineering, selling, general and administrative expenses were $74.0 million in the second quarter of fiscal 2015, an increase of $2.2 million or 3.1% from the second quarter of fiscal 2014.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

The Engines Segment engineering, selling, general and administrative expenses were $45.2 million in the second quarter of fiscal 2015, a decrease of $0.8 million from the second quarter of fiscal 2014. The decrease was primarily due to the previously announced retirement plan changes, which reduced the expense by $1.9 million, partially offset by higher compensation expense.

The Products Segment fiscal 2015 second quarter engineering, selling, general and administrative expenses were $23.4 million, an increase of $3.2 million from the second quarter of fiscal 2014. The increase was mainly due to $3.2 million from the Allmand acquisition and increased compensation expense, partially offset by $1.7 million in savings related to the restructuring initiative announced in July 2014.

The following table is a reconciliation of financial results by segment, as reported, to adjusted financial results by segment, excluding restructuring actions and acquisition-related charges, for the six months ended fiscal December 2015 and 2014 (in thousands, except per share data):

	Six Months Ended Fiscal December
	2015 Reported			Adjustments(1)		2015 Adjusted (2)			2014 Reported			Adjustments(1)		2014 Adjusted(2)
NET SALES:
Engines	$	424,820		$	—	$	424,820		$	449,499		$	—	$	449,499
Products	365,178			—		365,178			324,564			—		324,564
Inter-Segment Eliminations	(53,082		)	—		(53,082		)	(40,167		)	—		(40,167		)
Total	$	736,916		$	—	$	736,916		$	733,896		$	—	$	733,896
GROSS PROFIT:
Engines	$	90,696		$	—	$	90,696		$	79,493		$	3,396	$	82,889
Products	44,597			14,864		59,461			39,784			2,082		41,866
Inter-Segment Eliminations	(104		)	—		(104		)	1,920			—		1,920
Total	$	135,189		$	14,864	$	150,053		$	121,197		$	5,478	$	126,675
SEGMENT INCOME (LOSS) (3):
Engines	$	5,040		$	—	$	5,040		$	(7,266	)	$	3,821	$	(3,445	)
Products	(11,997		)	16,761		4,764			(11,870		)	2,082		(9,788		)
Inter-Segment Eliminations	(104		)	—		(104		)	1,920			—		1,920
Total	$	(7,061	)	$	16,761	$	9,700		$	(17,216	)	$	5,903	$	(11,313	)
Reconciliation from Segment Income (Loss) to Income (Loss) from Operations:
Equity in Earnings from Unconsolidated Affiliates	3,341			—		3,341			2,551			—		2,551
Income (Loss) from Operations	$	(10,402	)	$	16,761	$	6,359		$	(19,767	)	$	5,903	$	(13,864	)
INTEREST EXPENSE	(9,408		)	—		(9,408		)	(9,103		)	—		(9,103		)
OTHER INCOME, Net	4,425			—		4,425			3,843			—		3,843
Income (Loss) Before Income Taxes	(15,385		)	16,761		1,376			(25,027		)	5,903		(19,124		)
PROVISION (CREDIT) FOR INCOME TAXES	(7,049		)	5,866		(1,183		)	(6,380		)	1,456		(4,924		)
Net Income (Loss)	$	(8,336	)	$	10,895	$	2,559		$	(18,647	)	$	4,447	$	(14,200	)
EARNINGS (LOSS) PER SHARE
Basic	$	(0.19	)	$	0.24	$	0.05		$	(0.41	)	$	0.10	$	(0.31	)
Diluted	(0.19		)	0.24		0.05			(0.41		)	0.10		(0.31		)

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

(1) For the first six months of fiscal 2015, includes restructuring charges of $15,230 net of $5,330 of taxes and acquisition-related charges of $1,531 net of $536 of taxes. For the first six months of fiscal 2014, includes restructuring charges of $5,903 net of $1,456 of taxes.

(2) Adjusted financial results are non-GAAP financial measures. The Company believes this information is meaningful to investors as it isolates the impact that restructuring charges and acquisition related charges have on reported financial results and facilitates comparisons between peer companies. The Company may utilize non-GAAP financial measures as a guide in the forecasting, budgeting, and long-term planning process. While the Company believes that adjusted financial results are useful supplemental information, such adjusted financial results are not intended to replace our GAAP financial results and should be read in conjunction with those GAAP results.

(3) The Company defines segment income (loss) as income (loss) from operations plus equity in earnings from unconsolidated affiliates.

NET SALES

Consolidated net sales for the first six months of fiscal 2015 were $736.9 million, an increase of $3.0 million or 0.4% from the first six months of fiscal 2014, due to higher sales of pressure washers, commercial lawn and garden equipment and snow throwers in North America as well as the results of the Allmand acquisition. This increase in net sales was partially offset by reduced shipment volumes of small engines used on walk mowers in North America and lower sales of generators.

Engines Segment net sales of $424.8 million in the first six months of fiscal 2015 decreased $24.7 million or 5.5% from the prior year. Total engine volumes shipped in the first six months of fiscal 2015 decreased by 8.2% or approximately 236,000 engines compared to the same period last year. The decrease in unit shipments was due to reduced shipments of small engines used on walk mowers in North America resulting from elevated inventories following this past lawn and garden season. Partially offsetting the decrease in net sales was an improved sales mix of large engines used on lawn and garden equipment for the North American and European markets.

Products Segment net sales of $365.2 million in the first six months of fiscal 2015 increased by $40.6 million or 12.5% from the prior year. This increase was due to higher sales of pressure washers, commercial lawn and garden equipment and snow throwers in North America and the results of the Allmand acquisition. Partially offsetting the increase were lower sales of riding mowers and snow throwers in Europe following last year’s mild winter, lower generator sales due to adequate channel inventories and no major storm activity, and an unfavorable foreign exchange impact of $3.1 million primarily due to the devaluation of the Australian dollar and Brazilian Real.

GROSS PROFIT

The consolidated gross profit percentage was 18.4% in the first six months of fiscal 2015, an increase from 16.5% in the same period last year.

The Engines Segment gross profit percentage was 21.3% in the first six months of fiscal 2015, higher than the 17.7% in the first six months of fiscal 2014. The Engines Segment adjusted gross profit percentage for the first six months of 2015 was 21.3%, which was higher than the 18.4% in the first six months of fiscal 2014. Engines Segment adjusted gross profit margins improved 290 basis points year over year on an improved product sales mix of large engines, higher manufacturing volume, improved efficiencies, and lower retirement plan expense. Plant efficiency improvements, cost reductions and a favorable mix of engines produced benefitted adjusted gross margins by approximately 80 basis points. Engines produced were higher by 5% in the first six months of fiscal 2015 benefitting adjusted gross margins by approximately 30 basis points. Engine production was increased to support higher demand for large engines for riding equipment and to support pre-building of products related to the closure of the McDonough plant. Favorable sales mix, which was driven by proportionately higher sales of large engines, improved adjusted gross profit margins by 40 basis points. Favorable foreign exchange, primarily related to the Japanese Yen, improved adjusted gross profit margins by 30 basis points. The previously announced retirement plan changes, which were implemented in January of calendar 2014, improved fiscal 2015 adjusted gross profit margins by $4.7 million, or 110 basis points.

The Products Segment gross profit percentage was 12.2% for the first six months of fiscal 2015, slightly down from 12.3% in the first six months of fiscal 2014. The Products Segment adjusted gross profit percentage for the first six months of 2015 was 16.3%, which was higher than the 12.9% for the first six months of fiscal 2014. Products Segment adjusted gross profit margins increased by 340 basis points year over year due to improved sales mix, including the Allmand acquisition, and higher manufacturing throughput. Favorable sales mix improved adjusted gross margins by 320 basis points due to a focus on selling higher margin lawn and garden equipment and the benefit of the Allmand acquisition. In addition, manufacturing throughput increased year over year by 45%,

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

benefitting adjusted gross margins by approximately 170 basis points. Throughput is increased due to higher production of snow throwers as well as pressure washers and riding mowers to facilitate the previously announced upcoming closure of the McDonough plant. Offsetting the increase in adjusted gross profit margins was an unfavorable foreign exchange impact of approximately 110 basis points primarily due to the devaluation of the Australian dollar and Brazilian Real, and the unfavorable impact of 40 basis points due to higher material costs.

ENGINEERING, SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

Engineering, selling, general and administrative expenses were $144.1 million in the first six months of fiscal 2015, an increase of $3.5 million or 2.5% from the first six months of fiscal 2014.

The Engines Segment engineering, selling, general and administrative expenses were $88.3 million in the first six months of fiscal 2015, a decrease of $1.0 million from the first six months of fiscal 2014. The decrease was primarily due to the previously announced retirement plan changes, which reduced engineering, selling, general and administrative expenses by $3.6 million, partially offset by increased compensation expense and international expenses.

The Products Segment engineering, selling, general and administrative expenses for the first six months of fiscal 2015 were $57.3 million, an increase of $5.7 million from the first six months of fiscal 2014. The increase was mainly due to $5.9 million related to the Allmand acquisition, increased compensation expense, and higher international expenses, partially offset by $2.8 million in savings related to the restructuring initiative announced in July 2014.

ACQUISITION

On August 29, 2014, the Company completed the acquisition of Allmand Bros., Inc. for approximately $62 million in cash, net of cash acquired. Allmand is a leading designer and manufacturer of high quality towable light towers, industrial heaters, and solar LED arrow boards. Allmand, which is included within our Products segment, has annual net sales of approximately $80 million.

INTEREST EXPENSE

Interest expense for the second quarter and first six months of fiscal 2015 was $0.3 million higher compared to the same periods a year ago.

PROVISION FOR INCOME TAXES

The effective tax rates for the second quarter and first six months of fiscal 2015 were 33.7% and 45.8%, compared to 69.8% and 25.5% for the respective periods last year. The tax rates for the second quarter and first six months of fiscal 2015 were primarily due to losses incurred at certain foreign subsidiaries for which the Company does not receive tax benefits and the re-enactment of the U.S. research and development tax credit. In addition, the tax rate for the first six months of fiscal 2015 was impacted by the reversal of previously recorded reserves as a result of the effective settlement of the Company’s IRS audit. The tax rates for the second quarter and first six months of fiscal 2014 were primarily due to losses incurred at certain foreign subsidiaries for which the Company did not receive tax benefits.

RESTRUCTURING ACTIONS

During the second quarter of fiscal 2015, the Company made progress on implementing the previously announced restructuring actions to narrow its assortment of lower-priced Snapper consumer lawn and garden equipment and consolidate its Products Segment manufacturing facilities in order to reduce costs. The Company expects to close its McDonough plant in the fourth quarter of fiscal 2015 and consolidate production into existing facilities in Wisconsin and New York.  Pre-tax restructuring costs for the second quarter and first six months of fiscal 2015 were $7.4 million and $15.2 million, respectively, and pre-tax savings were $1.7 million and $2.8 million, respectively. Pre-tax restructuring cost estimates for fiscal 2015 remain unchanged at $30 million to $37 million. Total annual cost savings as a result of these actions are anticipated to be approximately $15 million to $20 million, with approximately $5 million to $7 million expected to be realized in fiscal 2015 and the remainder realized in fiscal 2016.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

LIQUIDITY AND CAPITAL RESOURCES

Cash flows used in operating activities for the first six months of fiscal 2015 were $114.0 million compared to $45.2 million in the first six months of fiscal 2014. The increase in operating cash flows used was primarily related to higher inventory levels to facilitate the upcoming closure of the McDonough plant and the introduction of a new engine line in fiscal 2015, partially offset by improvements in managing outstanding accounts receivable.

Cash flows used in investing activities were $85.1 million and $18.0 million during the first six months of fiscal 2015 and fiscal 2014, respectively. The $67.1 million increase in cash used in investing activities was primarily related to $62.1 million of cash paid for the Allmand acquisition and $5.2 million of higher additions to plant and equipment during the first six months of fiscal 2015.

Cash flows provided by financing activities were $57.3 million during the first six months of fiscal 2015 as compared to $27.1 million of cash flows used in financing activities during the first six months of fiscal 2014. The $84.4 million increase in cash provided by financing activities was primarily attributable to $87.0 million of borrowings on the Revolver in fiscal 2015 compared to no such borrowings in fiscal 2014 and $2.7 million of higher stock option exercise proceeds in fiscal 2015 compared to fiscal 2014, partially offset by $6.5 million of higher treasury stock purchases in fiscal 2015 compared to fiscal 2014.

FUTURE LIQUIDITY AND CAPITAL RESOURCES

On December 20, 2010, the Company issued $225 million of 6.875% Senior Notes ("Senior Notes") due December 15, 2020.  

On October 21, 2013, the Company entered into an amendment to its $500 million multicurrency credit agreement (the “Revolver”), which, among other things, extended the maturity of the Revolver from October 13, 2016 to October 21, 2018. The initial maximum availability under the revolving credit facility is $500 million. Availability under the revolving credit facility is reduced by outstanding letters of credit. The Company may from time to time increase the maximum availability under the revolving credit facility by up to $250 million if certain conditions are satisfied. As of December 28, 2014, $87.0 million was outstanding under the Revolver.

On January 22, 2014 the Board of Directors of the Company authorized up to $50 million in funds associated with the common share repurchase program. On August 13, 2014, the Board of Directors authorized up to an additional $50 million in funds for use in the Company’s common share repurchase program. As of December 28, 2014, the total remaining authorization was approximately $59.7 million with an expiration date of June 30, 2016. The common share repurchase program authorizes the purchase of shares of the Company's common stock on the open market or in private transactions from time to time, depending on market conditions and certain governing loan covenants. During the six months ended December 28, 2014, the Company repurchased 1,428,588 shares on the open market at an average price of $19.33 per share.

The Company expects capital expenditures to be approximately $60 million to $65 million in fiscal 2015. These anticipated expenditures reflect our plans to continue to reinvest in efficient equipment and innovative new products.

During the first six months of fiscal 2015, the Company made no cash contributions to the qualified pension plan. Based upon current regulations and actuarial studies, the Company estimates that it will make no required minimum contributions to the qualified pension plan during the remainder of fiscal 2015. The Company may be required to make further contributions in future years depending upon the actual return on plan assets and the funded status of the plan in future periods.

Management believes that available cash, cash generated from operations, existing lines of credit and access to debt markets will be adequate to fund the Company’s capital requirements and operational needs for the foreseeable future.

The Revolver and the Senior Notes contain restrictive covenants. These covenants include restrictions on the Company’s ability to: pay dividends; repurchase shares; incur indebtedness; create liens; enter into sale and leaseback transactions; consolidate or merge with other entities; sell or lease all or substantially all of its assets;

35

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

and dispose of assets or use proceeds from sales of its assets. The Revolver contains financial covenants that require the Company to maintain a minimum interest coverage ratio and impose a maximum leverage ratio. As of December 28, 2014, the Company was in compliance with these covenants, and expects to be in compliance with all covenants during the remainder of fiscal 2015.

OFF-BALANCE SHEET ARRANGEMENTS

There have been no material changes since the August 26, 2014 filing of the Company’s Annual Report on Form 10-K.

CONTRACTUAL OBLIGATIONS

There have been no material changes since the August 26, 2014 filing of the Company’s Annual Report on Form 10-K.

CRITICAL ACCOUNTING POLICIES

There have been no material changes in the Company’s critical accounting policies since the August 26, 2014 filing of its Annual Report on Form 10-K. As discussed in our annual report, the preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions about future events that affect the amounts reported in the financial statements and accompanying notes. Future events and their effects cannot be determined with absolute certainty. Therefore, the determination of estimates requires the exercise of judgment. Actual results inevitably will differ from those estimates, and such differences may be material to the financial statements.

The most significant accounting estimates inherent in the preparation of our financial statements include a goodwill assessment, estimates as to the realizability of accounts receivable and inventory assets, as well as estimates used in the determination of liabilities related to customer rebates, pension obligations, postretirement benefits, warranty, product liability, group health insurance, litigation and taxation. Various assumptions and other factors underlie the determination of these significant estimates. The process of determining significant estimates is fact specific and takes into account factors such as historical experience, current and expected economic conditions, product mix, and, in some instances, actuarial techniques. The Company re-evaluates these significant factors as facts and circumstances change.

NEW ACCOUNTING PRONOUNCEMENTS

A discussion of new accounting pronouncements is included in the Notes to Condensed Consolidated Financial Statements of this Form 10-Q under the heading "New Accounting Pronouncements" and is incorporated herein by reference.

CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS

This report contains certain forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. The words “believe”, “estimate”, “expect”, “forecast”, “intend”, “plan”, “project”, and similar expressions are intended to identify forward-looking statements. The forward-looking statements are based on the Company’s current views and assumptions and involve risks and uncertainties that include, among other things, the ability to successfully forecast demand for our products; changes in interest rates and foreign exchange rates; the effects of weather on the purchasing patterns of consumers and original equipment manufacturers (OEMs); actions of engine manufacturers and OEMs with whom we compete; changes in laws and regulations; changes in customer and OEM demand; changes in prices of raw materials and parts that we purchase; changes in domestic and foreign economic conditions; the ability to bring new productive capacity on line efficiently and with good quality; outcomes of legal proceedings and claims; and other factors disclosed from time to time in our SEC filings or otherwise, including the factors discussed in Item 1A, Risk Factors, of the Company’s Annual Report on Form 10-K and in its periodic reports on Form 10-Q. We are not undertaking any obligation to update any forward-looking statements or other statements we may make even though these statements may be affected by events or circumstances occurring after the forward-looking statements or other statements were made.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

There have been no material changes since the August 26, 2014 filing of the Company’s Annual Report on Form 10-K.

ITEM 4. CONTROLS AND PROCEDURES

DISCLOSURE CONTROLS AND PROCEDURES

The Company’s management, with the participation of the Company’s Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this report. Based on such evaluation, the Company’s Chief Executive Officer and Chief Financial Officer have concluded that, as of the end of such period, the Company’s disclosure controls and procedures are effective in recording, processing, summarizing and reporting, on a timely basis, information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act.

INTERNAL CONTROL OVER FINANCIAL REPORTING

There has not been any change in the Company’s internal control over financial reporting during the second fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

A discussion of legal proceedings is included in the Notes to Condensed Consolidated Financial Statements of this Form 10-Q under the heading "Commitments and Contingencies" and is incorporated herein by reference.

ITEM 1A. RISK FACTORS

There have been no material changes since the August 26, 2014 filing of the Company’s Annual Report on Form 10-K.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The table below sets forth the information with respect to purchases made by or on behalf of the Company of its common stock during the quarterly period ended December 28, 2014.

2015 Fiscal Month	Total Number of Shares Purchased	Average Price Paid per Share		Total Number of Shares Purchased as Part of a Publicly Announced Program (1)	Approximate Dollar Value of Shares that May Yet Be Purchased Under  the Program (1)
September 29, 2014 to October 26, 2014	314,702	$	18.11	314,702	$	63,840,246
October 27, 2014 to November 23, 2014	208,722	19.87		208,722	59,692,940
November 24, 2014 to December 28, 2014	—	—		—	59,692,940
Total Second Quarter	523,424	$	18.81	523,424	$	59,692,940

(1) On January 22, 2014, the Board of Directors of the Company authorized up to $50 million in funds associated with the common share repurchase program. On August 13, 2014, the Board of Directors authorized up to an additional $50 million in funds for use in the Company’s common share repurchase program with an expiration date of June 30, 2016.

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

ITEM 6. EXHIBITS

Exhibit Number	Description
31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Filed herewith)
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Filed herewith)
32.1	Certification of the Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Furnished herewith)
32.2	Certification of the Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Furnished herewith)
101	The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended December 28, 2014 formatted in Extensible Business Reporting Language (XBRL): (i) the Condensed Consolidated Balance Sheets, (ii) the Condensed Consolidated Statements of Operations, (iii) the Condensed Consolidated Statements of Comprehensive Income (Loss), (iv) the Condensed Consolidated Statements of Cash Flows, and (v) related Notes to Condensed Consolidated Financial Statements

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		BRIGGS & STRATTON CORPORATION
		(Registrant)
Date:	February 3, 2015	/s/ David J. Rodgers
		David J. Rodgers
		Senior Vice President and Chief Financial Officer and Duly Authorized Officer

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BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

EXHIBIT INDEX

Exhibit Number	Description
31.1	Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Filed herewith)
31.2	Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Filed herewith)
32.1	Certification of the Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Furnished herewith)
32.2	Certification of the Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Furnished herewith)
101	The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended December 28, 2014 formatted in Extensible Business Reporting Language (XBRL): (i) the Condensed Consolidated Balance Sheets, (ii) the Condensed Consolidated Statements of Operations, (iii) the Condensed Consolidated Statements of Comprehensive Income (Loss), (iv) the Condensed Consolidated Statements of Cash Flows, and (v) related Notes to Condensed Consolidated Financial Statements

40

EX-31.1

Exhibit 31.1

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

Form 10-Q for Quarterly Period Ended December 28, 2014

Certification of Principal Executive Officer

I, Todd J. Teske, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Briggs & Stratton Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	February 3, 2015	/s/ Todd J. Teske
		Todd J. Teske
		Chief Executive Officer

EX-31.2

Exhibit 31.2

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

Form 10-Q for Quarterly Period Ended December 28, 2014

Certification of Principal Financial Officer

I, David J. Rodgers, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Briggs & Stratton Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	February 3, 2015	/s/ David J. Rodgers
		David J. Rodgers
		Chief Financial Officer

EX-32.1

Exhibit 32.1

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

Form 10-Q for Quarterly Period Ended December 28, 2014

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Briggs & Stratton Corporation (the “Company”) on Form 10-Q for the quarter ended December 28, 2014, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Todd J. Teske, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Todd J. Teske

Todd J. Teske

Chief Executive Officer

February 3, 2015

This certification accompanies this Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

Exhibit 32.2

BRIGGS & STRATTON CORPORATION AND SUBSIDIARIES

Form 10-Q for Quarterly Period Ended December 28, 2014

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Briggs & Stratton Corporation (the “Company”) on Form 10-Q for the quarter ended December 28, 2014, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, David J. Rodgers, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ David J. Rodgers

David J. Rodgers

Chief Financial Officer

February 3, 2015

This certification accompanies this Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

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Earnings (Loss) Per Share Antidilutive Shares Information (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013	Dec. 28, 2014	Dec. 29, 2013
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	858	1,845	858	1,348
Weighted Average Exercise Prices Of Antidilutive Securities Excluded From Computation Of Earnings Per Share	$ 20.32	$ 28.64	$ 20.32	$ 31.88
Potential Other Incremental Common Shares Excluded [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			1,002	1,142

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Segment Information Segment Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013	Dec. 28, 2014	Dec. 29, 2013
Net Sales	$ 444,287	$ 416,592	$ 736,916	$ 733,896
Gross Profit	87,868	77,366	135,189	121,197
Segment Income (Loss)	14,769	6,186	(7,061)	(17,216)
Equity in Earnings of Unconsolidated Affiliates	1,454	1,022	3,341	2,551
Income (Loss) from Operations	13,315	5,164	(10,402)	(19,767)
Interest Expense	(4,890)	(4,594)	(9,408)	(9,103)
Other Income, Net	2,052	1,751	4,425	3,843
Income (Loss) Before Income Taxes	10,477	2,321	(15,385)	(25,027)
PROVISION (CREDIT) FOR INCOME TAXES	3,534	1,619	(7,049)	(6,380)
NET INCOME (LOSS)	6,943	702	(8,336)	(18,647)
Engines [Member]
Net Sales	271,704	265,712	424,820	449,499
Gross Profit	62,896	54,257	90,696	79,493
Segment Income (Loss)	18,894	9,292	5,040	(7,266)
Products [Member]
Net Sales	199,050	171,528	365,178	324,564
Gross Profit	25,213	21,959	44,597	39,784
Segment Income (Loss)	(3,884)	(4,256)	(11,997)	(11,870)
Elimination [Member]
Net Sales	(26,467)	(20,648)	(53,082)	(40,167)
Gross Profit	(241)	1,150	(104)	1,920
Segment Income (Loss)	$ (241)	$ 1,150	$ (104)	$ 1,920

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Derivative Instruments and Hedging Activities Effect of Derivatives on Consolidated Statements of Operations (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013	Dec. 28, 2014	Dec. 29, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ (161)	$ 1,468	$ 3,506	$ 1,187
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	1,247	(2,748)	1,150	(5,004)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	0	0	0	0
Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(89)	255	261	5
Foreign Currency Contract Sell [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	394	(151)	3,840	(1,099)
Foreign Currency Contract Buy [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(251)	(67)	(408)	(28)
Commodity Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(215)	1,431	(187)	2,309
Net Sales [Member] | Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(314)	(301)	(625)	(597)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	0	0	0	0
Net Sales [Member] | Foreign Currency Contract Sell [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	2,079	(115)	2,543	(110)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	0	0	0	0
Cost of Sales [Member] | Foreign Currency Contract Buy [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(175)	(172)	(246)	(639)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	0	0	0	0
Cost of Sales [Member] | Commodity Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(343)	(2,160)	(522)	(3,658)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	$ 0	$ 0	$ 0	$ 0

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Segment Information Restructuring Charges and Acquisition Related Charges Impact on Gross Profit by Segment (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013	Dec. 28, 2014	Dec. 29, 2013
Cost Of Goods Sold Restructuring Charges and Acquisition Related Charges	$ 6,846		$ 14,864
Cost Of Goods Sold Restructuring Charges	6,846	1,893	13,692	5,478
Engines [Member]
Cost Of Goods Sold Restructuring Charges and Acquisition Related Charges	0		0
Cost Of Goods Sold Restructuring Charges		1,631		3,396
Products [Member]
Cost Of Goods Sold Restructuring Charges and Acquisition Related Charges	6,846		14,864
Cost Of Goods Sold Restructuring Charges		$ 262		$ 2,082

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Derivative Instruments and Hedging Activities Notional Amounts (Details) In Thousands, unless otherwise specified	Dec. 28, 2014 Interest Rate Contract [Member] USD ($)	Jun. 29, 2014 Interest Rate Contract [Member] USD ($)	Dec. 28, 2014 Australian Dollar, Sell [Member] AUD	Jun. 29, 2014 Australian Dollar, Sell [Member] AUD	Dec. 28, 2014 Brazilian Real, Sell [Member] [Domain] BRL	Jun. 29, 2014 Brazilian Real, Sell [Member] [Domain] BRL	Dec. 28, 2014 Canadian Dollar, Sell [Member] CAD	Jun. 29, 2014 Canadian Dollar, Sell [Member] CAD	Dec. 28, 2014 Chinese Renminbi, Buy [Member] [Domain] CNY	Jun. 29, 2014 Chinese Renminbi, Buy [Member] [Domain] CNY	Dec. 28, 2014 Euro, Sell [Member] EUR (€)	Jun. 29, 2014 Euro, Sell [Member] EUR (€)	Dec. 28, 2014 Euro, Buy [Member] EUR (€)	Jun. 29, 2014 Euro, Buy [Member] EUR (€)	Dec. 28, 2014 Japanese Yen, Buy [Member] JPY (¥)	Jun. 29, 2014 Japanese Yen, Buy [Member] JPY (¥)	Dec. 28, 2014 Mexican Peso, Sell [Member] MXN	Jun. 29, 2014 Mexican Peso, Sell [Member] MXN	Dec. 28, 2014 Natural Gas [Member] Btu	Jun. 29, 2014 Natural Gas [Member] Btu
Derivative [Line Items]
Derivative, Notional Amount	$ 95,000	$ 95,000	9,764	19,904	18,452	0	6,450	3,100	151,075	0	€ 45,200	€ 49,300	€ 6,000	€ 0	¥ 1,030,000	¥ 530,000	0	3,000
Nonmonetary Notional Amount Derivatives (in ones)																			10,041,000	5,686,000

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Separate Financial Information Of Subsidiary Guarantor Of Indebtedness (Tables)

6 Months Ended

Dec. 28, 2014

Separate Financial Information Of Subsidiary Guarantors Of Indebtedness

Schedule Of Outstanding Amounts Related To Guaranteed Debt

The Company had the following outstanding amounts related to the guaranteed debt (in thousands):

	December 28, 2014 Carrying Amount		Maximum Guarantee
Senior Notes	$	225,000	$	225,000
Multicurrency Credit Agreement	$	87,000	$	500,000

Schedule of Condensed Supplemental Consolidating Balance Sheets

CONSOLIDATING BALANCE SHEET

As of December 28, 2014

(Unaudited)

	Briggs & Stratton Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
CURRENT ASSETS:
Cash and Cash Equivalents	$	4,751	$	1,304	$	45,635	$	—		$	51,690
Accounts Receivable, Net	108,449		41,313		58,121		—			207,883
Intercompany Accounts Receivable	30,884		6,938		40,247		(78,069		)	—
Inventories, Net	290,002		169,779		80,336		—			540,117
Deferred Income Tax Asset	32,803		14,534		1,926		—			49,263
Prepaid Expenses and Other Current Assets	35,977		1,736		8,309		—			46,022
Total Current Assets	$	502,866	$	235,604	$	234,574	$	(78,069	)	$	894,975
OTHER ASSETS:
Goodwill	$	128,300	$	—	$	31,380	$	—		$	159,680
Investments	27,967		—		—		—			27,967
Investments in Subsidiaries	507,884		—		—		(507,884		)	—
Intercompany Note Receivable	43,460		105,904		22,903		(172,267		)	—
Debt Issuance Costs	4,188		—		—		—			4,188
Other Intangible Assets, Net	—		55,308		43,454		—			98,762
Long-Term Deferred Income Tax Asset	21,232		—		382		(21,232		)	382
Other Long-Term Assets, Net	8,023		1,918		1,417		—			11,358
Total Other Assets	$	741,054	$	163,130	$	99,536	$	(701,383	)	$	302,337
PLANT AND EQUIPMENT, NET	238,147		31,012		26,619		—			295,778
TOTAL ASSETS	$	1,482,067	$	429,746	$	360,729	$	(779,452	)	$	1,493,090
CURRENT LIABILITIES:
Accounts Payable	$	110,631	$	39,466	$	31,812	$	—		$	181,909
Intercompany Accounts Payable	28,364		11,699		38,006		(78,069		)	—
Short-Term Debt	87,000		—		—		—			87,000
Accrued Liabilities	89,220		34,775		19,370		—			143,365
Total Current Liabilities	$	315,215	$	85,940	$	89,188	$	(78,069	)	$	412,274
OTHER LIABILITIES:
Accrued Pension Cost	$	113,453	$	394	$	559	$	—		$	114,406
Accrued Employee Benefits	24,575		—		—		—			24,575
Accrued Postretirement Health Care Obligation	39,329		14,297		—		—			53,626
Intercompany Note Payable	119,655		—		52,612		(172,267		)	—
Deferred Income Tax Liabilities	—		20,638		10,773		(21,232		)	10,179
Other Long-Term Liabilities	28,057		7,283		907		—			36,247
Long-Term Debt	225,000		—		—		—			225,000
Total Other Liabilities	$	550,069	$	42,612	$	64,851	$	(193,499	)	$	464,033
TOTAL SHAREHOLDERS’ INVESTMENT:	616,783		301,194		206,690		(507,884		)	616,783
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	$	1,482,067	$	429,746	$	360,729	$	(779,452	)	$	1,493,090

CONSOLIDATING BALANCE SHEET

As of June 29, 2014

	Briggs & Stratton Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
CURRENT ASSETS:
Cash and Cash Equivalents	$	138,926	$	2,680	$	53,062	$	—		$	194,668
Accounts Receivable, Net	86,099		100,062		34,429		—			220,590
Intercompany Accounts Receivable	15,987		3,492		32,826		(52,305		)	—
Inventories, Net	165,159		146,749		64,195		—			376,103
Deferred Income Tax Asset	33,343		13,904		1,711		—			48,958
Prepaid Expenses and Other Current Assets	17,436		3,508		9,072		—			30,016
Total Current Assets	$	456,950	$	270,395	$	195,295	$	(52,305	)	$	870,335
OTHER ASSETS:
Goodwill	$	128,300	$	—	$	16,222	$	—		$	144,522
Investments	27,137		—		—		—			27,137
Investments in Subsidiaries	470,391		—		—		(470,391		)	—
Intercompany Note Receivable	49,293		84,567		13,876		(147,736		)	—
Debt Issuance Costs	4,671		—		—		—			4,671
Other Intangible Assets, Net	—		55,909		24,408		—			80,317
Long-Term Deferred Income Tax Asset	32,507		—		677		(18,006		)	15,178
Other Long-Term Assets, Net	7,120		2,088		1,331		—			10,539
Total Other Assets	$	719,419	$	142,564	$	56,514	$	(636,133	)	$	282,364
PLANT AND EQUIPMENT, NET	241,166		39,863		15,978		—			297,007
TOTAL ASSETS	$	1,417,535	$	452,822	$	267,787	$	(688,438	)	$	1,449,706
CURRENT LIABILITIES:
Accounts Payable	$	105,532	$	45,171	$	18,568	$	—		$	169,271
Intercompany Accounts Payable	21,859		6,002		24,444		(52,305		)	—
Accrued Liabilities	85,735		31,863		16,318		—			133,916
Total Current Liabilities	$	213,126	$	83,036	$	59,330	$	(52,305	)	$	303,187
OTHER LIABILITIES:
Accrued Pension Cost	$	125,481	$	421	$	627	$	—		$	126,529
Accrued Employee Benefits	24,491		—		—		—			24,491
Accrued Postretirement Health Care Obligation	44,928		14,362		—		—			59,290
Intercompany Note Payable	85,343		—		62,393		(147,736		)	—
Deferred Income Tax Liabilities			18,006		—		(18,006		)	—
Other Long-Term Liabilities	26,732		11,037		1,006		—			38,775
Long-Term Debt	225,000		—		—		—			225,000
Total Other Liabilities	$	531,975	$	43,826	$	64,026	$	(165,742	)	$	474,085
TOTAL SHAREHOLDERS’ INVESTMENT:	672,434		325,960		144,431		(470,391		)	672,434
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	$	1,417,535	$	452,822	$	267,787	$	(688,438	)	$	1,449,706

Schedule of Condensed Supplemental Consolidating Statements Of Operations and Comprehensive Income (Loss)

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months EndedDecember 28, 2014

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Net Sales	$	262,278		$	131,030		$	109,095	$	(58,116	)	$	444,287
Cost of Goods Sold	205,012			117,706			84,971		(58,116		)	349,573
Restructuring Charges	—			6,846			—		—			6,846
Gross Profit	57,266			6,478			24,124		—			87,868
Engineering, Selling, General and Administrative Expenses	40,433			18,087			15,450		—			73,970
Restructuring Charges	—			583			—		—			583
Equity in Loss from Subsidiaries	1,283			—			—		(1,283		)	—
Income (Loss) from Operations	15,550			(12,192		)	8,674		1,283			13,315
Interest Expense	(4,855		)	(35		)	—		—			(4,890		)
Other Income, Net	1,389			315			348		—			2,052
Income (Loss) before Income Taxes	12,084			(11,912		)	9,022		1,283			10,477
Provision (Credit) for Income Taxes	5,141			(4,498		)	2,891		—			3,534
Net Income (Loss)	$	6,943		$	(7,414	)	$	6,131	$	1,283		$	6,943
Comprehensive Income (Loss)	$	(2,034	)	$	(7,624	)	$	437	$	7,187		$	(2,034	)

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months EndedDecember 29, 2013

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	250,564		$	134,785		$	80,288		$	(49,045	)	$	416,592
Cost of Goods Sold	200,716			122,697			62,965			(49,045		)	337,333
Restructuring Charges	1,597			—			296			—			1,893
Gross Profit	48,251			12,088			17,027			—			77,366
Engineering, Selling, General and Administrative Expenses	42,243			18,094			11,440			—			71,777
Restructuring Charges	77			—			348			—			425
Equity in Loss from Subsidiaries	(436		)	—			—			436			—
Income (Loss) from Operations	6,367			(6,006		)	5,239			(436		)	5,164
Interest Expense	(4,582		)	—			(12		)	—			(4,594		)
Other Income, Net	1,611			95			45			—			1,751
Income (Loss) before Income Taxes	3,396			(5,911		)	5,272			(436		)	2,321
Provision (Credit) for Income Taxes	2,694			(2,174		)	1,099			—			1,619
Net Income (Loss)	$	702		$	(3,737	)	$	4,173		$	(436	)	$	702
Comprehensive Income (Loss)	$	2,982		$	(3,590	)	$	2,332		$	1,258		$	2,982

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Six Months EndedDecember 28, 2014

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	407,856		$	247,968		$	199,911		$	(118,819	)	$	736,916
Cost of Goods Sold	328,968			221,737			156,149			(118,819		)	588,035
Restructuring Charges	—			13,692			—			—			13,692
Gross Profit	78,888			12,539			43,762			—			135,189
Engineering, Selling, General and Administrative Expenses	77,300			35,744			31,009			—			144,053
Restructuring Charges	—			1,538			—			—			1,538
Equity in Loss from Subsidiaries	6,004			—			—			(6,004		)	—
Income (Loss) from Operations	(4,416		)	(24,743		)	12,753			6,004			(10,402		)
Interest Expense	(9,301		)	(106		)	(1		)	—			(9,408		)
Other Income, Net	3,315			775			335			—			4,425
Income (Loss) before Income Taxes	(10,402		)	(24,074		)	13,087			6,004			(15,385		)
Provision (Credit) for Income Taxes	(2,066		)	(8,979		)	3,996			—			(7,049		)
Net Income (Loss)	$	(8,336	)	$	(15,095	)	$	9,091		$	6,004		$	(8,336	)
Comprehensive Income (Loss)	$	(21,198	)	$	(15,031	)	$	(2,063	)	$	17,094		$	(21,198	)

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Six Months EndedDecember 29, 2013

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	425,354		$	252,549		$	150,697		$	(94,704	)	$	733,896
Cost of Goods Sold	354,253			229,391			118,281			(94,704		)	607,221
Restructuring Charges	3,396			339			1,743			—			5,478
Gross Profit	67,705			22,819			30,673			—			121,197
Engineering, Selling, General and Administrative Expenses	79,751			35,691			25,097			—			140,539
Restructuring Charges	77			—			348			—			425
Equity in Loss from Subsidiaries	5,117			—			—			(5,117		)	—
Income (Loss) from Operations	(17,240		)	(12,872		)	5,228			5,117			(19,767		)
Interest Expense	(9,076		)	—			(27		)	—			(9,103		)
Other Income, Net	3,803			185			(145		)	—			3,843
Income (Loss) before Income Taxes	(22,513		)	(12,687		)	5,056			5,117			(25,027		)
Provision (Credit) for Income Taxes	(3,866		)	(4,678		)	2,164			—			(6,380		)
Net Income (Loss)	$	(18,647	)	$	(8,009	)	$	2,892		$	5,117		$	(18,647	)
Comprehensive Income (Loss)	$	(12,045	)	$	(8,205	)	$	2,509		$	5,696		$	(12,045	)

Schedule of Condensed Supplemental Consolidating Statements Of Cash Flows

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Six Months EndedDecember 28, 2014

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Cash Provided by (Used in) Operating Activities	$	(138,405	)	$	22,575		$	2,501		$	(703	)	$	(114,032	)
Cash Flows from Investing Activities:
Additions to Plant and Equipment	(16,344		)	(2,739		)	(4,206		)	—			(23,289		)
Proceeds Received on Disposition of Plant and Equipment	84			136			69			—			289
Cash Investment in Subsidiary	(4,650		)	—			—			4,650			—
Cash Paid for Acquisition, Net of Cash Acquired	(62,056		)	—			—			—			(62,056		)
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	29,860			—			—			(29,860		)	—
Net Cash Provided by (Used in) Investing Activities	(53,106		)	(2,603		)	(4,137		)	(25,210		)	(85,056		)
Cash Flows from Financing Activities:
Net Borrowings (Repayments) on Loans, Revolver, Notes Payable and Long-Term Debt	87,000			(21,348		)	(8,512		)	29,860			87,000
Treasury Stock Purchases	(27,598		)	—			—			—			(27,598		)
Stock Option Exercise Proceeds and Tax Benefits	3,652			—			—			—			3,652
Cash Dividends Paid	(5,718		)	—			—			—			(5,718		)
Cash Investment in Subsidiary	—			—			3,947			(3,947		)	—
Net Cash Provided by (Used in) Financing Activities	57,336			(21,348		)	(4,565		)	25,913			57,336
Effect of Foreign Currency Exchange Rate Changes on Cash and Cash Equivalents	—			—			(1,226		)	—			(1,226		)
Net Increase (Decrease) in Cash and Cash Equivalents	(134,175		)	(1,376		)	(7,427		)	—			(142,978		)
Cash and Cash Equivalents, Beginning	138,926			2,680			53,062			—			194,668
Cash and Cash Equivalents, Ending	$	4,751		$	1,304		$	45,635		$	—		$	51,690

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Six Months EndedDecember 29, 2013

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net Cash Provided by (Used in) Operating Activities	$	(98,437	)	$	28,940		$	24,249		$	—	$	(45,248	)
Cash Flows from Investing Activities:
Additions to Plant and Equipment	(15,904		)	(1,365		)	(794		)	—		(18,063		)
Proceeds Received on Disposition of Plant and Equipment	28			33			—			—		61
Cash Investment in Subsidiary	8,107			—			(8,107		)	—		—
Net Cash Provided by (Used in) Investing Activities	(7,769		)	(1,332		)	(8,901		)	—		(18,002		)
Cash Flows from Financing Activities:
Repayments on Short-Term Debt	—			—			(300		)	—		(300		)
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	27,300			(27,300		)	—			—		—
Debt Issuance Costs	(942		)	—			—			—		(942		)
Treasury Stock Purchases	(21,086		)	—			—			—		(21,086		)
Stock Option Exercise Proceeds and Tax Benefits	994			—			—			—		994
Cash Dividends Paid	(5,730		)	—			—			—		(5,730		)
Net Cash Provided by (Used in) Financing Activities	536			(27,300		)	(300		)	—		(27,064		)
Effect of Foreign Currency Exchange Rate Changes on Cash and Cash Equivalents	—			—			31			—		31
Net Increase (Decrease) in Cash and Cash Equivalents	(105,670		)	308			15,079			—		(90,283		)
Cash and Cash Equivalents, Beginning	162,628			1,275			24,542			—		188,445
Cash and Cash Equivalents, Ending	$	56,958		$	1,583		$	39,621		$	—	$	98,162

XML

Debt (Details) (USD $)	6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013	Jun. 29, 2014	Dec. 15, 2010	Oct. 21, 2013
Debt Instrument [Line Items]
Debt, Long-term and Short-term, Combined Amount	$ 312,000,000		$ 225,000,000
Payments of Debt Issuance Costs	0	942,000
Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	225,000,000		225,000,000	225,000,000
Debt Instrument, Interest Rate, Stated Percentage				6.875%
Debt Instrument, Maturity Date	Dec. 15, 2020
Multicurrency Credit Agreement [Member]
Debt Instrument [Line Items]
Line of Credit, Current	87,000,000		0
Line of Credit Facility, Maximum Borrowing Capacity	500,000,000				500,000,000
Line of Credit Facility, Expiration Date	Oct. 21, 2018
Line Of Credit Facility Increased Available Maximum Borrowing Capacity					$ 250,000,000

XML

Restructuring Actions (Tables)

6 Months Ended

Dec. 28, 2014

Restructuring Actions [Abstract]

Schedule of Restructuring Reserve by Type of Cost

The following is a rollforward of the restructuring reserve (included in Accrued Liabilities within the Condensed Consolidated Balance Sheets) attributable to Products Segment restructuring activities for the six month period ended December 28, 2014 (in thousands):

	Termination Benefits			Other Costs			Total
Reserve Balance at June 29, 2014	$	—		$	105		$	105
Provisions	3,999			11,231			15,230
Cash Expenditures	(332		)	(2,146		)	(2,478		)
Other Adjustments (1)	—			(9,190		)	(9,190		)
Reserve Balance at December 28, 2014	$	3,667		$	—		$	3,667

(1) Other adjustments includes $1.2 million of asset impairments and $7.9 million of accelerated depreciation.

XML

Fair Value Measurements Fair Value Disclosures (Details) (USD $)	Dec. 28, 2014	Jun. 29, 2014	Dec. 15, 2010
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	$ 247,900,000	$ 251,400,000
Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior Notes	$ 225,000,000	$ 225,000,000	$ 225,000,000

XML

Pension and Postretirement Benefits Net Periodic Income and Expense (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013	Dec. 28, 2014	Dec. 29, 2013
Pension Plans, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service Cost	$ 886	$ 1,885	$ 1,716	$ 3,823
Interest Cost on Projected Benefit Obligation	12,430	13,419	24,891	26,872
Expected Return on Plan Assets	(18,631)	(18,510)	(37,319)	(37,076)
Amortization of Prior Service Cost (Credit)	45	45	90	90
Amortization of Actuarial Loss	3,333	6,275	6,631	12,545
Net Periodic Expense	(1,937)	3,114	(3,991)	6,254
Other Postretirement Benefits [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service Cost	63	78	148	167
Interest Cost on Projected Benefit Obligation	907	1,151	1,804	2,300
Expected Return on Plan Assets	0	0	0	0
Amortization of Prior Service Cost (Credit)	(689)	(724)	(1,379)	(1,448)
Amortization of Actuarial Loss	1,177	1,549	2,324	3,008
Net Periodic Expense	$ 1,458	$ 2,054	$ 2,897	$ 4,027

XML

Restructuring Actions Restructuring Reserve Rollforward (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013	Dec. 28, 2014		Dec. 29, 2013
Restructuring Cost and Reserve [Line Items]
Provisions	$ 7,429	$ 2,318	$ 15,230		$ 5,903
Engines [Member]
Restructuring Cost and Reserve [Line Items]
Provisions		2,056			3,821
Products [Member]
Restructuring Cost and Reserve [Line Items]
Reserve Balance at June 29, 2014			105
Provisions		262	15,230		2,082
Cash Expenditures			(2,478)
Other Adjustments			(9,190)
Reserve Balance at December 28, 2014	3,667		3,667
Termination Benefits [Member] | Products [Member]
Restructuring Cost and Reserve [Line Items]
Reserve Balance at June 29, 2014			0
Provisions			3,999
Cash Expenditures			(332)
Other Adjustments			0
Reserve Balance at December 28, 2014	3,667		3,667
Other Restructuring Costs [Member] | Products [Member]
Restructuring Cost and Reserve [Line Items]
Reserve Balance at June 29, 2014			105
Provisions			11,231
Cash Expenditures			(2,146)
Other Adjustments			(9,190)	[1]
Reserve Balance at December 28, 2014	0		0
Restructuring Asset Impairments [Member] | Other Restructuring Costs [Member] | Products [Member]
Restructuring Cost and Reserve [Line Items]
Other Adjustments			1,200	[1]
Restructuring Accelerated Depreciation [Member] | Other Restructuring Costs [Member] | Products [Member]
Restructuring Cost and Reserve [Line Items]
Other Adjustments			$ 7,900	[1]

[1] Other adjustments includes $1.2 million of asset impairments and $7.9 million of accelerated depreciation.

XML

Income Taxes Effective Tax Rate (Details)	3 Months Ended		6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013	Dec. 28, 2014	Dec. 29, 2013
Income Tax Contingency [Line Items]
Effective Income Tax Rate	33.70%	69.75%	45.82%	25.49%

XML

Separate Financial Information Of Subsidiary Guarantor of Indebtedness (Schedule Of Consolidating Statement Of Cash Flows) (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013
Net Cash Provided by (Used in) Operating Activities	$ (114,032)	$ (45,248)
Cash Flows from Investing Activities:
Additions to Plant and Equipment	(23,289)	(18,063)
Proceeds Received on Disposition of Plant and Equipment	289	61
Cash Investment In Subsidiary	0	0
Cash Paid for Acquisition, Net of Cash Acquired	(62,056)	0
Net Borrowings (Repayments) On Loans Notes Payable And Long Term Debt	0
Net Cash Provided by (Used in) Investing Activities	(85,056)	(18,002)
Cash flows from Financing Activities:
Repayments of Short-term Debt	0	(300)
Net Borrowings (Repayments) on Loans, Revolver, Notes Payable and Long-Term Debt	87,000	0
Debt Issuance Costs	0	(942)
Treasury Stock Purchases	(27,598)	(21,086)
Stock Option Exercise Proceeds and Tax Benefits	3,652	994
Payments of Ordinary Dividends, Common Stock	(5,718)	(5,730)
Cash Investment In Subsidiary	0
Net Cash Provided by (Used in) Financing Activities	57,336	(27,064)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(1,226)	31
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(142,978)	(90,283)
CASH AND CASH EQUIVALENTS, Beginning	194,668	188,445
CASH AND CASH EQUIVALENTS, Ending	51,690	98,162
Parent Company [Member]
Net Cash Provided by (Used in) Operating Activities	(138,405)	(98,437)
Cash Flows from Investing Activities:
Additions to Plant and Equipment	(16,344)	(15,904)
Proceeds Received on Disposition of Plant and Equipment	84	28
Cash Investment In Subsidiary	(4,650)	8,107
Cash Paid for Acquisition, Net of Cash Acquired	(62,056)
Net Borrowings (Repayments) On Loans Notes Payable And Long Term Debt	29,860
Net Cash Provided by (Used in) Investing Activities	(53,106)	(7,769)
Cash flows from Financing Activities:
Repayments of Short-term Debt		0
Net Borrowings (Repayments) on Loans, Revolver, Notes Payable and Long-Term Debt	87,000	27,300
Debt Issuance Costs		(942)
Treasury Stock Purchases	(27,598)	(21,086)
Stock Option Exercise Proceeds and Tax Benefits	3,652	994
Payments of Ordinary Dividends, Common Stock	(5,718)	(5,730)
Cash Investment In Subsidiary	0
Net Cash Provided by (Used in) Financing Activities	57,336	536
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(134,175)	(105,670)
CASH AND CASH EQUIVALENTS, Beginning	138,926	162,628
CASH AND CASH EQUIVALENTS, Ending	4,751	56,958
Guarantor Subsidiaries [Member]
Net Cash Provided by (Used in) Operating Activities	22,575	28,940
Cash Flows from Investing Activities:
Additions to Plant and Equipment	(2,739)	(1,365)
Proceeds Received on Disposition of Plant and Equipment	136	33
Cash Investment In Subsidiary	0	0
Cash Paid for Acquisition, Net of Cash Acquired	0
Net Borrowings (Repayments) On Loans Notes Payable And Long Term Debt	0
Net Cash Provided by (Used in) Investing Activities	(2,603)	(1,332)
Cash flows from Financing Activities:
Repayments of Short-term Debt		0
Net Borrowings (Repayments) on Loans, Revolver, Notes Payable and Long-Term Debt	(21,348)	(27,300)
Debt Issuance Costs		0
Treasury Stock Purchases	0	0
Stock Option Exercise Proceeds and Tax Benefits	0	0
Payments of Ordinary Dividends, Common Stock	0	0
Cash Investment In Subsidiary	0
Net Cash Provided by (Used in) Financing Activities	(21,348)	(27,300)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(1,376)	308
CASH AND CASH EQUIVALENTS, Beginning	2,680	1,275
CASH AND CASH EQUIVALENTS, Ending	1,304	1,583
Non-Guarantor Subsidiaries [Member]
Net Cash Provided by (Used in) Operating Activities	2,501	24,249
Cash Flows from Investing Activities:
Additions to Plant and Equipment	(4,206)	(794)
Proceeds Received on Disposition of Plant and Equipment	69	0
Cash Investment In Subsidiary	0	(8,107)
Cash Paid for Acquisition, Net of Cash Acquired	0
Net Borrowings (Repayments) On Loans Notes Payable And Long Term Debt	0
Net Cash Provided by (Used in) Investing Activities	(4,137)	(8,901)
Cash flows from Financing Activities:
Repayments of Short-term Debt		(300)
Net Borrowings (Repayments) on Loans, Revolver, Notes Payable and Long-Term Debt	(8,512)	0
Debt Issuance Costs		0
Treasury Stock Purchases	0	0
Stock Option Exercise Proceeds and Tax Benefits	0	0
Payments of Ordinary Dividends, Common Stock	0	0
Cash Investment In Subsidiary	3,947
Net Cash Provided by (Used in) Financing Activities	(4,565)	(300)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(1,226)	31
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(7,427)	15,079
CASH AND CASH EQUIVALENTS, Beginning	53,062	24,542
CASH AND CASH EQUIVALENTS, Ending	45,635	39,621
Consolidation, Eliminations [Member]
Net Cash Provided by (Used in) Operating Activities	(703)	0
Cash Flows from Investing Activities:
Additions to Plant and Equipment	0	0
Proceeds Received on Disposition of Plant and Equipment	0	0
Cash Investment In Subsidiary	4,650	0
Cash Paid for Acquisition, Net of Cash Acquired	0
Net Borrowings (Repayments) On Loans Notes Payable And Long Term Debt	(29,860)
Net Cash Provided by (Used in) Investing Activities	(25,210)	0
Cash flows from Financing Activities:
Repayments of Short-term Debt		0
Net Borrowings (Repayments) on Loans, Revolver, Notes Payable and Long-Term Debt	29,860	0
Debt Issuance Costs		0
Treasury Stock Purchases	0	0
Stock Option Exercise Proceeds and Tax Benefits	0	0
Payments of Ordinary Dividends, Common Stock	0	0
Cash Investment In Subsidiary	(3,947)
Net Cash Provided by (Used in) Financing Activities	25,913	0
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	0	0
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	0	0
CASH AND CASH EQUIVALENTS, Beginning	0	0
CASH AND CASH EQUIVALENTS, Ending	$ 0	$ 0

XML

Derivative Instruments and Hedging Activities Balance Sheet Location (Details) (USD $) In Thousands, unless otherwise specified	Dec. 28, 2014	Jun. 29, 2014
Derivatives, Fair Value [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	$ 6,003	$ (1,501)
Other Long-Term Assets, Net [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Contracts at Fair Value	56	43
Foreign Currency Contracts at Fair Value	438	12
Other Long-Term Liabilities [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Contracts at Fair Value	(795)	(1,209)
Foreign Currency Contracts at Fair Value	0	(9)
Commodity Contracts at Fair Value	(143)	(14)
Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Contracts at Fair Value	8,245	337
Commodity Contracts at Fair Value	0	39
Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Contracts at Fair Value	(1,168)	(665)
Commodity Contracts at Fair Value	$ (630)	$ (35)

XML

Accumulated Other Comprehensive Income (Loss) (Notes)

6 Months Ended

Dec. 28, 2014

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

The following tables set forth the changes in accumulated other comprehensive income (loss) (in thousands):

	Three Months Ended December 28, 2014
	Cumulative Translation Adjustments			Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	3,146		$	2,583		$	(204,871	)	$	(199,142	)
Other Comprehensive Income (Loss) Before Reclassification	(11,213		)	987			—			(10,226		)
Income Tax Benefit (Expense)	—			(375		)	—			(375		)
Net Other Comprehensive Income (Loss) Before Reclassifications	(11,213		)	612			—			(10,601		)
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—			(1,904		)	—			(1,904		)
Realized (Gains) Losses - Commodity Contracts (1)	—			343			—			343
Realized (Gains) Losses - Interest Rate Swaps (1)	—			314			—			314
Amortization of Prior Service Costs (Credits) (2)	—			—			(644		)	(644		)
Amortization of Actuarial Losses (2)	—			—			4,510			4,510
Total Reclassifications Before Tax	—			(1,247		)	3,866			2,619
Income Tax Expense (Benefit)	—			474			(1,469		)	(995		)
Net Reclassifications	—			(773		)	2,397			1,624
Other Comprehensive Income (Loss)	(11,213		)	(161		)	2,397			(8,977		)
Ending Balance	$	(8,067	)	$	2,422		$	(202,474	)	$	(208,119	)

(1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 10 for information related to derivative financial instruments.

(2) Amounts reclassified to net income (loss) are included in the computation of net periodic expense, which is presented in cost of goods sold or engineering, selling, general and administrative expenses. See Note 8 for information related to pension and postretirement benefit plans.

	Three Months Ended December 29, 2013
	Cumulative Translation Adjustments			Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	12,139		$	(3,954	)	$	(228,791	)	$	(220,606	)
Other Comprehensive Income (Loss) Before Reclassification	(3,625		)	(369		)	—			(3,994		)
Income Tax Benefit (Expense)	—			141			—			141
Net Other Comprehensive Income (Loss) Before Reclassifications	(3,625		)	(228		)	—			(3,853		)
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—			287			—			287
Realized (Gains) Losses - Commodity Contracts (1)	—			2,160			—			2,160
Realized (Gains) Losses - Interest Rate Swaps (1)	—			301			—			301
Amortization of Prior Service Costs (Credits) (2)	—			—			(679		)	(679		)
Amortization of Actuarial Losses (2)	—			—			7,824			7,824
Total Reclassifications Before Tax	—			2,748			7,145			9,893
Income Tax Expense (Benefit)	—			(1,052		)	(2,708		)	(3,760		)
Net Reclassifications	—			1,696			4,437			6,133
Other Comprehensive Income (Loss)	(3,625		)	1,468			4,437			2,280
Ending Balance	$	8,514		$	(2,486	)	$	(224,354	)	$	(218,326	)

(1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 10 for information related to derivative financial instruments.

(2) Amounts reclassified to net income (loss) are included in the computation of net periodic expense, which is presented in cost of goods sold or engineering, selling, general and administrative expenses. See Note 8 for information related to pension and postretirement benefit plans.

	Six Months Ended December 28, 2014
	Cumulative Translation Adjustments			Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	13,053		$	(1,084	)	$	(207,226	)	$	(195,257	)
Other Comprehensive Income (Loss) Before Reclassification	(21,120		)	6,805			—			(14,315		)
Income Tax Benefit (Expense)	—			(2,586		)	—			(2,586		)
Net Other Comprehensive Income (Loss) Before Reclassifications	(21,120		)	4,219			—			(16,901		)
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—			(2,297		)	—			(2,297		)
Realized (Gains) Losses - Commodity Contracts (1)	—			522			—			522
Realized (Gains) Losses - Interest Rate Swaps (1)	—			625			—			625
Amortization of Prior Service Costs (Credits) (2)	—			—			(1,289		)	(1,289		)
Amortization of Actuarial Losses (2)	—			—			8,955			8,955
Total Reclassifications Before Tax	—			(1,150		)	7,666			6,516
Income Tax Expense (Benefit)	—			437			(2,914		)	(2,477		)
Net Reclassifications	—			(713		)	4,752			4,039
Other Comprehensive Income (Loss)	(21,120		)	3,506			4,752			(12,862		)
Ending Balance	$	(8,067	)	$	2,422		$	(202,474	)	$	(208,119	)

(1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 10 for information related to derivative financial instruments.

(2) Amounts reclassified to net income (loss) are included in the computation of net periodic expense, which is presented in cost of goods sold or engineering, selling, general and administrative expenses. See Note 8 for information related to pension and postretirement benefit plans.

	Six Months Ended December 29, 2013
	Cumulative Translation Adjustments			Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	11,886		$	(3,673	)	$	(233,141	)	$	(224,928	)
Other Comprehensive Income (Loss) Before Reclassification	(3,372		)	(3,080		)	—			(6,452		)
Income Tax Benefit (Expense)	—			1,180			—			1,180
Net Other Comprehensive Income (Loss) Before Reclassifications	(3,372		)	(1,900		)	—			(5,272		)
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—			749			—			749
Realized (Gains) Losses - Commodity Contracts (1)	—			3,658			—			3,658
Realized (Gains) Losses - Interest Rate Swaps (1)	—			597			—			597
Amortization of Prior Service Costs (Credits) (2)	—			—			(1,358		)	(1,358		)
Amortization of Actuarial Losses (2)	—			—			15,553			15,553
Total Reclassifications Before Tax	—			5,004			14,195			19,199
Income Tax Expense (Benefit)	—			(1,917		)	(5,408		)	(7,325		)
Net Reclassifications	—			3,087			8,787			11,874
Other Comprehensive Income (Loss)	(3,372		)	1,187			8,787			6,602
Ending Balance	$	8,514		$	(2,486	)	$	(224,354	)	$	(218,326	)

(1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 10 for information related to derivative financial instruments.

(2) Amounts reclassified to net income (loss) are included in the computation of net periodic expense, which is presented in cost of goods sold or engineering, selling, general and administrative expenses. See Note 8 for information related to pension and postretirement benefit plans.

XML

Pension and Postretirement Benefits Pension and Postretirement Benefits (Narrative) (Details) (USD $)	6 Months Ended
	Dec. 28, 2014
Defined Benefit Plan Disclosure [Line Items]
Cash Contributions to Qualified Pension Plans	$ 0
Non-Qualified Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year	3,200,000
Defined Benefit Plan, Benefits Paid	1,300,000
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year	12,700,000
Other Postretirement Benefits Payments	8,300,000
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year	$ 0

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Fair Value Measurements (Tables)

6 Months Ended

Dec. 28, 2014

Fair Value Disclosures [Abstract]

Schedule Of Assets And Liabilities Measured At Fair Value On A Recurring Basis

The following table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 28, 2014 and June 29, 2014 (in thousands):

			Fair Value Measurements Using
	December 28, 2014		Level 1		Level 2		Level 3
Assets:
Derivatives	$	8,739	$	—	$	8,739	$	—
Liabilities:
Derivatives	$	2,736	$	—	$	2,736	$	—
	June 29, 2014		Level 1		Level 2		Level 3
Assets:
Derivatives	$	431	$	—	$	431	$	—
Liabilities:
Derivatives	$	1,932	$	—	$	1,932	$	—

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Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Dec. 28, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Contracts

As of December 28, 2014 and June 29, 2014, the Company had the following outstanding derivative contracts (in thousands):

Contract		Notional Amount
		December 28, 2014	June 29, 2014
Interest Rate:
LIBOR Interest Rate (U.S. Dollars)	Fixed	95,000	95,000
Foreign Currency:
Australian Dollar	Sell	9,764	19,904
Brazilian Real	Sell	18,452	—
Canadian Dollar	Sell	6,450	3,100
Chinese Renminbi	Buy	151,075	—
Euro	Sell	45,200	49,300
Euro	Buy	6,000	—
Japanese Yen	Buy	1,030,000	530,000
Mexican Peso	Sell	—	3,000
Commodity:
Natural Gas (Therms)	Buy	10,041	5,686

Schedule of Derivative Instruments in Consolidated Condensed Balance Sheets, Fair Value

The location and fair value of derivative instruments reported in the Condensed Consolidated Balance Sheets are as follows (in thousands):

Balance Sheet Location	Asset (Liability) Fair Value
	December 28, 2014			June 29, 2014
Interest rate contracts
Other Long-Term Assets	$	56		$	43
Other Long-Term Liabilities	(795		)	(1,209		)
Foreign currency contracts
Other Current Assets	8,245			337
Other Long-Term Assets	438			12
Accrued Liabilities	(1,168		)	(665		)
Other Long-Term Liabilities	—			(9		)
Commodity contracts
Other Current Assets	—			39
Accrued Liabilities	(630		)	(35		)
Other Long-Term Liabilities	(143		)	(14		)
	$	6,003		$	(1,501	)

Schedule of Derivative Instruments, Gain (Loss) in Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

The effect of derivative instruments on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) is as follows (in thousands):

	Three months ended December 28, 2014
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective Portion)
Interest rate contracts	$	(89	)	Net Sales	$	(314	)	$	—
Foreign currency contracts - sell	394			Net Sales	2,079			—
Foreign currency contracts - buy	(251		)	Cost of Goods Sold	(175		)	—
Commodity contracts	(215		)	Cost of Goods Sold	(343		)	—
	$	(161	)		$	1,247		$	—

	Three months ended December 29, 2013
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective Portion)
Interest rate contracts	$	255		Net Sales	$	(301	)	$	—
Foreign currency contracts - sell	(151		)	Net Sales	(115		)	—
Foreign currency contracts - buy	(67		)	Cost of Goods Sold	(172		)	—
Commodity contracts	1,431			Cost of Goods Sold	(2,160		)	—
	$	1,468			$	(2,748	)	$	—

	Six months ended December 28, 2014
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective Portion)
Interest rate contracts	$	261		Net Sales	$	(625	)	$	—
Foreign currency contracts - sell	3,840			Net Sales	2,543			—
Foreign currency contracts - buy	(408		)	Cost of Goods Sold	(246		)	—
Commodity contracts	(187		)	Cost of Goods Sold	(522		)	—
	$	3,506			$	1,150		$	—

	Six months ended December 29, 2013
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective Portion)
Interest rate contracts	$	5		Net Sales	$	(597	)	$	—
Foreign currency contracts - sell	(1,099		)	Net Sales	(110		)	—
Foreign currency contracts - buy	(28		)	Cost of Goods Sold	(639		)	—
Commodity contracts	2,309			Cost of Goods Sold	(3,658		)	—
	$	1,187			$	(5,004	)	$	—

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Segment Information Restructuring Charges Impact on Segment Income (Loss) by Segment (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013	Dec. 28, 2014	Dec. 29, 2013
Restructuring Charges and Acquisition Related Charges	$ 7,610		$ 16,761
Restructuring Charges	7,429	2,318	15,230	5,903
Engines [Member]
Restructuring Charges and Acquisition Related Charges	0		0
Restructuring Charges		2,056		3,821
Products [Member]
Restructuring Charges and Acquisition Related Charges	7,610		16,761
Restructuring Charges		$ 262	$ 15,230	$ 2,082

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Stock Incentives Stock Incentives (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013	Dec. 28, 2014	Dec. 29, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Compensation Expense	$ 1,777	$ 1,497	$ 3,382	$ 4,537

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Warranty (Tables)

6 Months Ended

Dec. 28, 2014

Standard Product Warranty Disclosure [Abstract]

Schedule of Warranty Liability

The following is a reconciliation of the changes in accrued warranty costs for the reporting period (in thousands):

	Six Months Ended
	December 28, 2014			December 29, 2013
Beginning Balance	$	44,744		$	45,037
Payments	(15,201		)	(15,108		)
Provision for Current Year Warranties	13,235			12,083
Changes in Estimates	(39		)	(438		)
Ending Balance	$	42,739		$	41,574

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Segment Information (Tables)

6 Months Ended

Dec. 28, 2014

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Summarized segment data is as follows (in thousands):

	Three Months Ended						Six Months Ended
	December 28, 2014			December 29, 2013			December 28, 2014			December 29, 2013
NET SALES:
Engines	$	271,704		$	265,712		$	424,820		$	449,499
Products	199,050			171,528			365,178			324,564
Inter-Segment Eliminations	(26,467		)	(20,648		)	(53,082		)	(40,167		)
Total	$	444,287		$	416,592		$	736,916		$	733,896
GROSS PROFIT:
Engines	$	62,896		$	54,257		$	90,696		$	79,493
Products	25,213			21,959			44,597			39,784
Inter-Segment Eliminations	(241		)	1,150			(104		)	1,920
Total	$	87,868		$	77,366		$	135,189		$	121,197
SEGMENT INCOME (LOSS):
Engines	$	18,894		$	9,292		$	5,040		$	(7,266	)
Products	(3,884		)	(4,256		)	(11,997		)	(11,870		)
Inter-Segment Eliminations	(241		)	1,150			(104		)	1,920
Total	$	14,769		$	6,186		$	(7,061	)	$	(17,216	)
Reconciliation from Segment Income (Loss) to Income (Loss) Before Income Taxes:
Equity in Earnings from Unconsolidated Affiliates	1,454			1,022			3,341			2,551
Income (Loss) from Operations	$	13,315		$	5,164		$	(10,402	)	$	(19,767	)
INTEREST EXPENSE	(4,890		)	(4,594		)	(9,408		)	(9,103		)
OTHER INCOME, Net	2,052			1,751			4,425			3,843
Income (Loss) Before Income Taxes	10,477			2,321			(15,385		)	(25,027		)
PROVISION (CREDIT) FOR INCOME TAXES	3,534			1,619			(7,049		)	(6,380		)
Net Income (Loss)	$	6,943		$	702		$	(8,336	)	$	(18,647	)

Restructuring Charges Impact on Gross Profit by Segment

Pre-tax restructuring charges and acquisition-related charges included in gross profit were as follows (in thousands):

	Three Months Ended				Six Months Ended
	December 28, 2014		December 29, 2013		December 28, 2014		December 29, 2013
PRE-TAX RESTRUCTURING CHARGES AND ACQUISITION-RELATED CHARGES INCLUDED IN GROSS PROFIT:
Engines	$	—	$	1,631	$	—	$	3,396
Products	6,846		262		14,864		2,082
Total	$	6,846	$	1,893	$	14,864	$	5,478

Restructuring Charges Impact on Operating Income Loss by Segment

Pre-tax restructuring charges and acquisition-related charges included in segment income (loss) were as follows (in thousands):

	Three Months Ended				Six Months Ended
	December 28, 2014		December 29, 2013		December 28, 2014		December 29, 2013
PRE-TAX RESTRUCTURING CHARGES AND ACQUISITION-RELATED CHARGES INCLUDED IN SEGMENT INCOME (LOSS):
Engines	$	—	$	2,056	$	—	$	3,821
Products	7,610		262		16,761		2,082
Total	$	7,610	$	2,318	$	16,761	$	5,903

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New Accounting Pronouncements

6 Months Ended

Dec. 28, 2014

Prospective Adoption of New Accounting Pronouncements [Abstract]

New Accounting Pronouncements

New Accounting Pronouncements

In May 2014, the Financial Accounting Standard Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers (Topic 606)." The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, under either full or modified retrospective adoption. Early application is not permitted. Management is currently assessing the potential impact of this new accounting pronouncement on the Company's results of operations, financial position, and cash flow.

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Debt (Tables)

6 Months Ended

Dec. 28, 2014

Debt Disclosure [Abstract]

Schedule of Long-Term Indebtedness

The following is a summary of the Company’s indebtedness (in thousands):

	December 28, 2014		June 29, 2014
Senior Notes	$	225,000	$	225,000
Multicurrency Credit Agreement	87,000		—
	$	312,000	$	225,000

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Earnings (Loss) Per Share Share Repurchase Information (Details) (USD $) In Millions, except Share data, unless otherwise specified	6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 59.7
Treasury Stock, Shares, Acquired	1,428,588	1,066,447
Treasury Stock Acquired, Average Cost Per Share	$ 19.33	$ 19.77
Fiscal 2014 Share Repurchase Program [Member] [Domain]
Stock Repurchase Program, Authorized Amount	50
Fiscal 2015 Share Repurchase Program [Member]
Stock Repurchase Program, Authorized Amount	$ 50

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Unrecognized Tax Benefits (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Dec. 28, 2014
Income Tax Contingency [Line Items]
Unrecognized Tax Benefits, Period Increase (Decrease)	$ (2,000)
Unrecognized Tax Benefits, Period Increase (Decrease), Current Effective Tax Rate Impact [Member]
Income Tax Contingency [Line Items]
Unrecognized Tax Benefits, Period Increase (Decrease)	$ (2,000)

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Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 28, 2014	Jun. 29, 2014
CURRENT ASSETS:
Cash and Cash Equivalents	$ 51,690	$ 194,668
Accounts Receivable, Net	207,883	220,590
Inventories:
Finished Products and Parts	401,354	268,116
Work in Process	126,934	102,431
Raw Materials	11,829	5,556
Total Inventories	540,117	376,103
Deferred Income Tax Asset	49,263	48,958
Prepaid Expenses and Other Current Assets	46,022	30,016
Total Current Assets	894,975	870,335
OTHER ASSETS:
Goodwill	159,680	144,522
Investments	27,967	27,137
Debt Issuance Costs	4,188	4,671
Other Intangible Assets, Net	98,762	80,317
Long-Term Deferred Income Tax Asset	382	15,178
Other Long-Term Assets, Net	11,358	10,539
Total Other Assets	302,337	282,364
PLANT AND EQUIPMENT:
Cost	1,040,489	1,035,848
Less - Accumulated Depreciation	744,711	738,841
Total Plant and Equipment, Net	295,778	297,007
TOTAL ASSETS	1,493,090	1,449,706
CURRENT LIABILITIES:
Accounts Payable	181,909	169,271
Short-Term Debt	87,000	0
Accrued Liabilities	143,365	133,916
Total Current Liabilities	412,274	303,187
OTHER LIABILITIES:
Accrued Pension Cost	114,406	126,529
Accrued Employee Benefits	24,575	24,491
Accrued Postretirement Health Care Obligation	53,626	59,290
Deferred Income Tax Liabilities	10,179	0
Other Long-Term Liabilities	36,247	38,775
Long-Term Debt	225,000	225,000
Total Other Liabilities	464,033	474,085
SHAREHOLDERS' INVESTMENT:
Common Stock - Authorized 120,000 Shares $.01 Par Value, Issued 57,854 Shares	579	579
Additional Paid-In Capital	74,775	78,466
Retained Earnings	1,028,722	1,048,466
Accumulated Other Comprehensive Loss	(208,119)	(195,257)
Treasury Stock at cost, 12,605 Shares and 11,536 Shares, respectively	(279,174)	(259,820)
Total Shareholders' Investment	616,783	672,434
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	$ 1,493,090	$ 1,449,706

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Derivative Instruments and Hedging Activities Narrative (Details) (USD $)	6 Months Ended
	Dec. 28, 2014	Jun. 29, 2014
Derivative [Line Items]
Net Cash Flow Hedge Losses (Gains) to be Reclassified into Earnings within Twelve Months	$ (3,200,000)
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Lower Fixed Interest Rate Range	1.17%
Derivative, Higher Fixed Interest Rate Range	1.60%
Derivative, Notional Amount	$ 95,000,000	$ 95,000,000
Minimum [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Maturity Date	Jul. 01, 2017
Maximum [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Maturity Date	May 18, 2019

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Condensed Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss	$ (8,336)	$ (18,647)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:
Depreciation and Amortization	26,026	27,757
Stock Compensation Expense	3,382	4,537
Loss on Disposition of Plant and Equipment	132	92
Provision (Credit) for Deferred Income Taxes	8,420	(5,200)
Equity in Earnings of Unconsolidated Affiliates	(3,341)	(2,551)
Dividends Received from Unconsolidated Affiliates	4,381	4,069
Non-Cash Restructuring Charges	9,190	2,208
Change in Operating Assets and Liabilities:
Accounts Receivable	24,305	(1,839)
Inventories	(151,170)	(68,101)
Other Current Assets	7,659	(3,031)
Accounts Payable, Accrued Liabilities and Income Taxes	(26,912)	21,194
Other, Net	(7,768)	(5,736)
Net Cash Used in Operating Activities	(114,032)	(45,248)
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to Plant and Equipment	(23,289)	(18,063)
Proceeds Received on Disposition of Plant and Equipment	289	61
Cash Paid for Acquisition, Net of Cash Acquired	(62,056)	0
Net Cash Used in Investing Activities	(85,056)	(18,002)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of Short-Term Debt	0	(300)
Net Borrowings on Revolver	87,000	0
Debt Issuance Costs	0	(942)
Treasury Stock Purchases	(27,598)	(21,086)
Stock Option Exercise Proceeds and Tax Benefits	3,652	994
Cash Dividends Paid	(5,718)	(5,730)
Net Cash Provided by (Used in) Financing Activities	57,336	(27,064)
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(1,226)	31
NET DECREASE IN CASH AND CASH EQUIVALENTS	(142,978)	(90,283)
CASH AND CASH EQUIVALENTS:
CASH AND CASH EQUIVALENTS, Beginning	194,668	188,445
CASH AND CASH EQUIVALENTS, Ending	$ 51,690	$ 98,162

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Separate Financial Information Of Subsidiary Guarantor of Indebtedness (Schedule Of Consolidating Balance Sheets) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 28, 2014	Jun. 29, 2014	Dec. 29, 2013	Jun. 30, 2013
CURRENT ASSETS:
Cash and Cash Equivalents	$ 51,690	$ 194,668	$ 98,162	$ 188,445
Accounts Receivable, Net	207,883	220,590
Intercompany Accounts Receivable	0	0
Inventories, Net	540,117	376,103
Deferred Income Tax Asset	49,263	48,958
Prepaid Expenses and Other Current Assets	46,022	30,016
Total Current Assets	894,975	870,335
OTHER ASSETS:
Goodwill	159,680	144,522
Investments	27,967	27,137
Investment in Subsidiaries	0	0
Intercompany Note Receivable	0	0
Debt Issuance Costs	4,188	4,671
Other Intangible Assets, Net	98,762	80,317
Long-Term Deferred Income Tax Asset	382	15,178
Other Long-Term Assets, Net	11,358	10,539
Total Other Assets	302,337	282,364
Plant and Equipment, Net	295,778	297,007
TOTAL ASSETS	1,493,090	1,449,706
CURRENT LIABILITIES:
Accounts Payable	181,909	169,271
Intercompany Accounts Payable	0	0
Short-term Debt	87,000	0
Accrued Liabilities	143,365	133,916
Total Current Liabilities	412,274	303,187
OTHER LIABILITIES:
Accrued Pension Cost	114,406	126,529
Accrued Employee Benefits	24,575	24,491
Accrued Postretirement Health Care Obligation	53,626	59,290
Intercompany Note Payable	0	0
Deferred Income Tax Liabilities	10,179	0
Other Long-Term Liabilities	36,247	38,775
Long-Term Debt	225,000	225,000
Total Other Liabilities	464,033	474,085
Total Shareholders' Investment	616,783	672,434
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	1,493,090	1,449,706
Parent Company [Member]
CURRENT ASSETS:
Cash and Cash Equivalents	4,751	138,926	56,958	162,628
Accounts Receivable, Net	108,449	86,099
Intercompany Accounts Receivable	30,884	15,987
Inventories, Net	290,002	165,159
Deferred Income Tax Asset	32,803	33,343
Prepaid Expenses and Other Current Assets	35,977	17,436
Total Current Assets	502,866	456,950
OTHER ASSETS:
Goodwill	128,300	128,300
Investments	27,967	27,137
Investment in Subsidiaries	507,884	470,391
Intercompany Note Receivable	43,460	49,293
Debt Issuance Costs	4,188	4,671
Other Intangible Assets, Net	0	0
Long-Term Deferred Income Tax Asset	21,232	32,507
Other Long-Term Assets, Net	8,023	7,120
Total Other Assets	741,054	719,419
Plant and Equipment, Net	238,147	241,166
TOTAL ASSETS	1,482,067	1,417,535
CURRENT LIABILITIES:
Accounts Payable	110,631	105,532
Intercompany Accounts Payable	28,364	21,859
Short-term Debt	87,000
Accrued Liabilities	89,220	85,735
Total Current Liabilities	315,215	213,126
OTHER LIABILITIES:
Accrued Pension Cost	113,453	125,481
Accrued Employee Benefits	24,575	24,491
Accrued Postretirement Health Care Obligation	39,329	44,928
Intercompany Note Payable	119,655	85,343
Deferred Income Tax Liabilities	0
Other Long-Term Liabilities	28,057	26,732
Long-Term Debt	225,000	225,000
Total Other Liabilities	550,069	531,975
Total Shareholders' Investment	616,783	672,434
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	1,482,067	1,417,535
Guarantor Subsidiaries [Member]
CURRENT ASSETS:
Cash and Cash Equivalents	1,304	2,680	1,583	1,275
Accounts Receivable, Net	41,313	100,062
Intercompany Accounts Receivable	6,938	3,492
Inventories, Net	169,779	146,749
Deferred Income Tax Asset	14,534	13,904
Prepaid Expenses and Other Current Assets	1,736	3,508
Total Current Assets	235,604	270,395
OTHER ASSETS:
Goodwill	0	0
Investments	0	0
Investment in Subsidiaries	0	0
Intercompany Note Receivable	105,904	84,567
Debt Issuance Costs	0	0
Other Intangible Assets, Net	55,308	55,909
Long-Term Deferred Income Tax Asset	0	0
Other Long-Term Assets, Net	1,918	2,088
Total Other Assets	163,130	142,564
Plant and Equipment, Net	31,012	39,863
TOTAL ASSETS	429,746	452,822
CURRENT LIABILITIES:
Accounts Payable	39,466	45,171
Intercompany Accounts Payable	11,699	6,002
Short-term Debt	0
Accrued Liabilities	34,775	31,863
Total Current Liabilities	85,940	83,036
OTHER LIABILITIES:
Accrued Pension Cost	394	421
Accrued Employee Benefits	0	0
Accrued Postretirement Health Care Obligation	14,297	14,362
Intercompany Note Payable	0	0
Deferred Income Tax Liabilities	20,638	18,006
Other Long-Term Liabilities	7,283	11,037
Long-Term Debt	0	0
Total Other Liabilities	42,612	43,826
Total Shareholders' Investment	301,194	325,960
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	429,746	452,822
Non-Guarantor Subsidiaries [Member]
CURRENT ASSETS:
Cash and Cash Equivalents	45,635	53,062	39,621	24,542
Accounts Receivable, Net	58,121	34,429
Intercompany Accounts Receivable	40,247	32,826
Inventories, Net	80,336	64,195
Deferred Income Tax Asset	1,926	1,711
Prepaid Expenses and Other Current Assets	8,309	9,072
Total Current Assets	234,574	195,295
OTHER ASSETS:
Goodwill	31,380	16,222
Investments	0	0
Investment in Subsidiaries	0	0
Intercompany Note Receivable	22,903	13,876
Debt Issuance Costs	0	0
Other Intangible Assets, Net	43,454	24,408
Long-Term Deferred Income Tax Asset	382	677
Other Long-Term Assets, Net	1,417	1,331
Total Other Assets	99,536	56,514
Plant and Equipment, Net	26,619	15,978
TOTAL ASSETS	360,729	267,787
CURRENT LIABILITIES:
Accounts Payable	31,812	18,568
Intercompany Accounts Payable	38,006	24,444
Short-term Debt	0
Accrued Liabilities	19,370	16,318
Total Current Liabilities	89,188	59,330
OTHER LIABILITIES:
Accrued Pension Cost	559	627
Accrued Employee Benefits	0	0
Accrued Postretirement Health Care Obligation	0	0
Intercompany Note Payable	52,612	62,393
Deferred Income Tax Liabilities	10,773	0
Other Long-Term Liabilities	907	1,006
Long-Term Debt	0	0
Total Other Liabilities	64,851	64,026
Total Shareholders' Investment	206,690	144,431
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	360,729	267,787
Consolidation, Eliminations [Member]
CURRENT ASSETS:
Cash and Cash Equivalents	0	0	0	0
Accounts Receivable, Net	0	0
Intercompany Accounts Receivable	(78,069)	(52,305)
Inventories, Net	0	0
Deferred Income Tax Asset	0	0
Prepaid Expenses and Other Current Assets	0	0
Total Current Assets	(78,069)	(52,305)
OTHER ASSETS:
Goodwill	0	0
Investments	0	0
Investment in Subsidiaries	(507,884)	(470,391)
Intercompany Note Receivable	(172,267)	(147,736)
Debt Issuance Costs	0	0
Other Intangible Assets, Net	0	0
Long-Term Deferred Income Tax Asset	(21,232)	(18,006)
Other Long-Term Assets, Net	0	0
Total Other Assets	(701,383)	(636,133)
Plant and Equipment, Net	0	0
TOTAL ASSETS	(779,452)	(688,438)
CURRENT LIABILITIES:
Accounts Payable	0	0
Intercompany Accounts Payable	(78,069)	(52,305)
Short-term Debt	0
Accrued Liabilities	0	0
Total Current Liabilities	(78,069)	(52,305)
OTHER LIABILITIES:
Accrued Pension Cost	0	0
Accrued Employee Benefits	0	0
Accrued Postretirement Health Care Obligation	0	0
Intercompany Note Payable	(172,267)	(147,736)
Deferred Income Tax Liabilities	(21,232)	(18,006)
Other Long-Term Liabilities	0	0
Long-Term Debt	0	0
Total Other Liabilities	(193,499)	(165,742)
Total Shareholders' Investment	(507,884)	(470,391)
TOTAL LIABILITIES AND SHAREHOLDERS' INVESTMENT	$ (779,452)	$ (688,438)

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Acquisitions (Details) (USD $)	6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013
Business Acquisition [Line Items]
Cash Paid for Acquisition, Net of Cash Acquired	$ 62,056,000	$ 0
Business Acquisition, Goodwill	17,700,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	24,100,000
Trade Names [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	8,100,000
Other Intangible Assets [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	300,000
Customer Relationships [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 15,700,000

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Debt

6 Months Ended

Dec. 28, 2014

Debt Disclosure [Abstract]

Debt

Debt

The following is a summary of the Company’s indebtedness (in thousands):

	December 28, 2014		June 29, 2014
Senior Notes	$	225,000	$	225,000
Multicurrency Credit Agreement	87,000		—
	$	312,000	$	225,000

On December 20, 2010, the Company issued $225 million of 6.875% Senior Notes ("Senior Notes") due December 15, 2020.  

On October 21, 2013, the Company entered into an amendment to its $500 million multicurrency credit agreement (the “Revolver”), which, among other things, extended the maturity of the Revolver from October 13, 2016 to October 21, 2018. The initial maximum availability under the revolving credit facility is $500 million. Availability under the revolving credit facility is reduced by outstanding letters of credit. The Company may from time to time increase the maximum availability under the revolving credit facility by up to $250 million if certain conditions are satisfied. In connection with the amendment to the Revolver in the second quarter of fiscal 2014, the Company incurred approximately $0.9 million in new debt issuance costs, which are being amortized over the life of the Revolver using the straight-line method. As of December 28, 2014, $87.0 million was outstanding under the Revolver.

The Senior Notes and Revolver contain restrictive covenants. These covenants include restrictions on the Company’s ability to: pay dividends; repurchase shares; incur indebtedness; create liens; enter into sale and leaseback transactions; consolidate or merge with other entities; sell or lease all or substantially all of its assets; and dispose of assets or use proceeds from sales of its assets. The Revolver contains financial covenants that require the Company to maintain a minimum interest coverage ratio and impose a maximum average leverage ratio.

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Restructuring Actions Narrative (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013	Dec. 28, 2014	Dec. 29, 2013
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 7,429	$ 2,318	$ 15,230	$ 5,903
After Tax Restructuring Charges	4,829		9,900
Restructuring Charge Per Diluted Share	$ 0.11		$ 0.22
Engines [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		2,056		3,821
Products [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		$ 262	$ 15,230	$ 2,082

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Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Dec. 28, 2014

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The following tables set forth the changes in accumulated other comprehensive income (loss) (in thousands):

	Three Months Ended December 28, 2014
	Cumulative Translation Adjustments			Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	3,146		$	2,583		$	(204,871	)	$	(199,142	)
Other Comprehensive Income (Loss) Before Reclassification	(11,213		)	987			—			(10,226		)
Income Tax Benefit (Expense)	—			(375		)	—			(375		)
Net Other Comprehensive Income (Loss) Before Reclassifications	(11,213		)	612			—			(10,601		)
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—			(1,904		)	—			(1,904		)
Realized (Gains) Losses - Commodity Contracts (1)	—			343			—			343
Realized (Gains) Losses - Interest Rate Swaps (1)	—			314			—			314
Amortization of Prior Service Costs (Credits) (2)	—			—			(644		)	(644		)
Amortization of Actuarial Losses (2)	—			—			4,510			4,510
Total Reclassifications Before Tax	—			(1,247		)	3,866			2,619
Income Tax Expense (Benefit)	—			474			(1,469		)	(995		)
Net Reclassifications	—			(773		)	2,397			1,624
Other Comprehensive Income (Loss)	(11,213		)	(161		)	2,397			(8,977		)
Ending Balance	$	(8,067	)	$	2,422		$	(202,474	)	$	(208,119	)

(1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 10 for information related to derivative financial instruments.

(2) Amounts reclassified to net income (loss) are included in the computation of net periodic expense, which is presented in cost of goods sold or engineering, selling, general and administrative expenses. See Note 8 for information related to pension and postretirement benefit plans.

	Three Months Ended December 29, 2013
	Cumulative Translation Adjustments			Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	12,139		$	(3,954	)	$	(228,791	)	$	(220,606	)
Other Comprehensive Income (Loss) Before Reclassification	(3,625		)	(369		)	—			(3,994		)
Income Tax Benefit (Expense)	—			141			—			141
Net Other Comprehensive Income (Loss) Before Reclassifications	(3,625		)	(228		)	—			(3,853		)
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—			287			—			287
Realized (Gains) Losses - Commodity Contracts (1)	—			2,160			—			2,160
Realized (Gains) Losses - Interest Rate Swaps (1)	—			301			—			301
Amortization of Prior Service Costs (Credits) (2)	—			—			(679		)	(679		)
Amortization of Actuarial Losses (2)	—			—			7,824			7,824
Total Reclassifications Before Tax	—			2,748			7,145			9,893
Income Tax Expense (Benefit)	—			(1,052		)	(2,708		)	(3,760		)
Net Reclassifications	—			1,696			4,437			6,133
Other Comprehensive Income (Loss)	(3,625		)	1,468			4,437			2,280
Ending Balance	$	8,514		$	(2,486	)	$	(224,354	)	$	(218,326	)

(1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 10 for information related to derivative financial instruments.

(2) Amounts reclassified to net income (loss) are included in the computation of net periodic expense, which is presented in cost of goods sold or engineering, selling, general and administrative expenses. See Note 8 for information related to pension and postretirement benefit plans.

	Six Months Ended December 28, 2014
	Cumulative Translation Adjustments			Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	13,053		$	(1,084	)	$	(207,226	)	$	(195,257	)
Other Comprehensive Income (Loss) Before Reclassification	(21,120		)	6,805			—			(14,315		)
Income Tax Benefit (Expense)	—			(2,586		)	—			(2,586		)
Net Other Comprehensive Income (Loss) Before Reclassifications	(21,120		)	4,219			—			(16,901		)
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—			(2,297		)	—			(2,297		)
Realized (Gains) Losses - Commodity Contracts (1)	—			522			—			522
Realized (Gains) Losses - Interest Rate Swaps (1)	—			625			—			625
Amortization of Prior Service Costs (Credits) (2)	—			—			(1,289		)	(1,289		)
Amortization of Actuarial Losses (2)	—			—			8,955			8,955
Total Reclassifications Before Tax	—			(1,150		)	7,666			6,516
Income Tax Expense (Benefit)	—			437			(2,914		)	(2,477		)
Net Reclassifications	—			(713		)	4,752			4,039
Other Comprehensive Income (Loss)	(21,120		)	3,506			4,752			(12,862		)
Ending Balance	$	(8,067	)	$	2,422		$	(202,474	)	$	(208,119	)

(1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 10 for information related to derivative financial instruments.

(2) Amounts reclassified to net income (loss) are included in the computation of net periodic expense, which is presented in cost of goods sold or engineering, selling, general and administrative expenses. See Note 8 for information related to pension and postretirement benefit plans.

	Six Months Ended December 29, 2013
	Cumulative Translation Adjustments			Derivative Financial Instruments			Pension and Postretirement Benefit Plans			Total
Beginning Balance	$	11,886		$	(3,673	)	$	(233,141	)	$	(224,928	)
Other Comprehensive Income (Loss) Before Reclassification	(3,372		)	(3,080		)	—			(6,452		)
Income Tax Benefit (Expense)	—			1,180			—			1,180
Net Other Comprehensive Income (Loss) Before Reclassifications	(3,372		)	(1,900		)	—			(5,272		)
Reclassifications:
Realized (Gains) Losses - Foreign Currency Contracts (1)	—			749			—			749
Realized (Gains) Losses - Commodity Contracts (1)	—			3,658			—			3,658
Realized (Gains) Losses - Interest Rate Swaps (1)	—			597			—			597
Amortization of Prior Service Costs (Credits) (2)	—			—			(1,358		)	(1,358		)
Amortization of Actuarial Losses (2)	—			—			15,553			15,553
Total Reclassifications Before Tax	—			5,004			14,195			19,199
Income Tax Expense (Benefit)	—			(1,917		)	(5,408		)	(7,325		)
Net Reclassifications	—			3,087			8,787			11,874
Other Comprehensive Income (Loss)	(3,372		)	1,187			8,787			6,602
Ending Balance	$	8,514		$	(2,486	)	$	(224,354	)	$	(218,326	)

(1) Amounts reclassified to net income (loss) are included in net sales or cost of goods sold. See Note 10 for information related to derivative financial instruments.

(2) Amounts reclassified to net income (loss) are included in the computation of net periodic expense, which is presented in cost of goods sold or engineering, selling, general and administrative expenses. See Note 8 for information related to pension and postretirement benefit plans.

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General Information

6 Months Ended

Dec. 28, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

General Information

General Information

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission and therefore do not include all information and footnotes necessary for a fair statement of financial position, results of operations and cash flows in conformity with accounting principles generally accepted in the United States. The year-end condensed consolidated balance sheet data was derived from audited financial statements, but also does not include all disclosures required by accounting principles generally accepted in the United States. However, in the opinion of Briggs & Stratton Corporation (the Company), adequate disclosures have been presented to prevent the information from being misleading, and all adjustments necessary to fairly present the results of operations and financial position have been included. All of these adjustments are of a normal recurring nature, except as otherwise noted.

Interim results are not necessarily indicative of results for a full year. The information included in these condensed consolidated financial statements should be read in conjunction with the financial statements and the notes thereto that were included in the Company's latest Annual Report on Form 10-K.

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Condensed Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Per Share data, unless otherwise specified	Dec. 28, 2014	Jun. 29, 2014
Common Stock, shares authorized	120,000	120,000
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares issued	57,854	57,854
Treasury Stock, shares	12,605	11,536

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Fair Value Measurements

6 Months Ended

Dec. 28, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements

The following guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels:

Level 1: Quoted prices for identical instruments in active markets.

Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-driven valuations whose inputs are observable or whose significant value drivers are observable.

Level 3: Significant inputs to the valuation model are unobservable.

The following table presents information about the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 28, 2014 and June 29, 2014 (in thousands):

			Fair Value Measurements Using
	December 28, 2014		Level 1		Level 2		Level 3
Assets:
Derivatives	$	8,739	$	—	$	8,739	$	—
Liabilities:
Derivatives	$	2,736	$	—	$	2,736	$	—
	June 29, 2014		Level 1		Level 2		Level 3
Assets:
Derivatives	$	431	$	—	$	431	$	—
Liabilities:
Derivatives	$	1,932	$	—	$	1,932	$	—

The fair value for Level 2 measurements are based upon the respective quoted market prices for comparable instruments in active markets, which include current market pricing for forward purchases of commodities, foreign currency forwards, and current interest rates.

The Company has currently chosen not to elect the fair value option for any items that are not already required to be measured at fair value in accordance with accounting principles generally accepted in the United States.

The estimated fair value of the Company's Senior Notes (as defined in Note 16) at December 28, 2014 and June 29, 2014 was $247.9 million and $251.4 million, respectively, compared to the carrying value of $225.0 million on each date. The estimated fair value of the Senior Notes is based on quoted market prices for similar instruments and is, therefore, classified as Level 2 within the valuation hierarchy. The carrying value of the Revolver (as defined in Note 16) approximates fair value since the underlying rate of interest is variable based upon LIBOR rates.  

The Company believes that the carrying values of cash and cash equivalents, trade receivables, and accounts payable are reasonable estimates of their fair values at December 28, 2014 and June 29, 2014 due to the short-term nature of these instruments.

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Document And Entity Information	6 Months Ended
	Dec. 28, 2014	Jan. 30, 2015
Document Information [Line Items]
Entity Registrant Name	BRIGGS & STRATTON CORP
Entity Central Index Key	0000014195
Current Fiscal Year End Date	--06-28
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Dec. 28, 2014
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		45,001,563

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Warranty

6 Months Ended

Dec. 28, 2014

Standard Product Warranty Disclosure [Abstract]

Warranty

Warranty

The Company recognizes the cost associated with its standard warranty on Engines and Products at the time of sale. The general warranty period begins at the time of sale and typically covers two years, but may vary due to product type and geographic location. The amount recognized is based on historical failure rates and current claim cost experience. The following is a reconciliation of the changes in accrued warranty costs for the reporting period (in thousands):

	Six Months Ended
	December 28, 2014			December 29, 2013
Beginning Balance	$	44,744		$	45,037
Payments	(15,201		)	(15,108		)
Provision for Current Year Warranties	13,235			12,083
Changes in Estimates	(39		)	(438		)
Ending Balance	$	42,739		$	41,574

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Condensed Consolidated Statements Of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013	Dec. 28, 2014	Dec. 29, 2013
Income Statement [Abstract]
NET SALES	$ 444,287	$ 416,592	$ 736,916	$ 733,896
COST OF GOODS SOLD	349,573	337,333	588,035	607,221
Cost Of Goods Sold Restructuring Charges	6,846	1,893	13,692	5,478
Gross Profit	87,868	77,366	135,189	121,197
ENGINEERING, SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	73,970	71,777	144,053	140,539
Operating Restructuring Charges	583	425	1,538	425
Income (Loss) from Operations	13,315	5,164	(10,402)	(19,767)
INTEREST EXPENSE	(4,890)	(4,594)	(9,408)	(9,103)
OTHER INCOME, Net	2,052	1,751	4,425	3,843
Income (Loss) Before Income Taxes	10,477	2,321	(15,385)	(25,027)
PROVISION (CREDIT) FOR INCOME TAXES	3,534	1,619	(7,049)	(6,380)
NET INCOME (LOSS)	$ 6,943	$ 702	$ (8,336)	$ (18,647)
EARNINGS (LOSS) PER SHARE DATA:
Basic Earnings (Loss) Per Share	$ 0.15	$ 0.01	$ (0.19)	$ (0.41)
Diluted Earnings (Loss) Per Share	$ 0.15	$ 0.01	$ (0.19)	$ (0.41)
Weighted Average Shares Outstanding	44,579	46,825	44,827	46,760
Diluted Average Shares Outstanding	44,629	47,987	44,827	46,760
DIVIDENDS PER SHARE	$ 0.125	$ 0.12	$ 0.25	$ 0.24

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Earnings (Loss) Per Share

6 Months Ended

Dec. 28, 2014

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

Earnings (Loss) Per Share

The Company computes earnings (loss) per share using the two-class method, an earnings allocation formula that determines earnings (loss) per share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings. The Company’s unvested grants of restricted stock and deferred stock awards contain non-forfeitable rights to dividends (whether paid or unpaid), which are required to be treated as participating securities and included in the computation of basic earnings (loss) per share.

Information on earnings (loss) per share is as follows (in thousands, except per share data):

	Three Months Ended						Six Months Ended
	December 28, 2014			December 29, 2013			December 28, 2014			December 29, 2013
Net Income (Loss)	$	6,943		$	702		$	(8,336	)	$	(18,647	)
Less: Allocation to Participating Securities	(168		)	(151		)	(266		)	(302		)
Net Income (Loss) Available to Common Shareholders	$	6,775		$	551		$	(8,602	)	$	(18,949	)
Average Shares of Common Stock Outstanding	44,579			46,825			44,827			46,760
Diluted Average Shares Outstanding	44,629			47,987			44,827			46,760
Basic Earnings (Loss) Per Share	$	0.15		$	0.01		$	(0.19	)	$	(0.41	)
Diluted Earnings (Loss) Per Share	$	0.15		$	0.01		$	(0.19	)	$	(0.41	)

The dilutive effect of the potential exercise of outstanding stock-based awards to acquire common shares is calculated using the treasury stock method. The following options to purchase shares of common stock were excluded from the calculation of diluted earnings (loss) per share as the exercise prices were greater than the average market price of the common shares:

	Three Months Ended				Six Months Ended
	December 28, 2014		December 29, 2013		December 28, 2014		December 29, 2013
Options to Purchase Shares of Common Stock (in thousands)	858		1,845		858		1,348
Weighted Average Exercise Price of Options Excluded	$	20.32	$	28.64	$	20.32	$	31.88

As a result of the Company incurring a net loss for the six months ended December 28, 2014 and December 29, 2013, potential incremental common shares of 1,002,000 and 1,142,000, respectively, were excluded from the calculation of diluted earnings (loss) per share because the effect would have been anti-dilutive.

On January 22, 2014, the Board of Directors of the Company authorized up to $50 million in funds for use in the Company’s common share repurchase program. On August 13, 2014, the Board of Directors of the Company authorized up to an additional $50 million in funds associated with the common share repurchase program. As of December 28, 2014, the total remaining authorization was approximately $59.7 million with an expiration date of June 30, 2016. The common share repurchase program authorizes the purchase of shares of the Company's common stock on the open market or in private transactions from time to time, depending on market conditions and certain governing loan covenants. During the six months ended December 28, 2014, the Company repurchased 1,428,588 shares on the open market at an average price of $19.33 per share, as compared to 1,066,447 shares purchased on the open market at an average price of $19.77 per share during the six months ended December 29, 2013.

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Restructuring Actions

6 Months Ended

Dec. 28, 2014

Restructuring Actions [Abstract]

Restructuring Actions

Restructuring Actions

The restructuring actions announced in 2012 were concluded as planned during the fourth quarter of fiscal 2014.

During the first quarter of fiscal 2015, the Company announced and began implementing restructuring actions to narrow its assortment of lower-priced Snapper consumer lawn and garden equipment and consolidate its Products Segment manufacturing facilities in order to reduce costs. The Company expects to close its McDonough, Georgia plant in the fourth quarter of fiscal 2015 and consolidate production into existing facilities in Wisconsin and New York. 

The Company reports restructuring charges associated with manufacturing and related initiatives as costs of goods sold within the Condensed Consolidated Statements of Operations. Restructuring charges reflected as costs of goods sold include, but are not limited to, termination and related costs associated with manufacturing employees, asset impairments and accelerated depreciation relating to manufacturing initiatives, and other costs directly related to the restructuring initiatives implemented. The Company reports all other non-manufacturing related restructuring charges as engineering, selling, general and administrative expenses on the Condensed Consolidated Statements of Operations.

The restructuring actions discussed above resulted in pre-tax charges of $7.4 million ($4.8 million after tax or $0.11 per diluted share) and $15.2 million ($9.9 million after tax or $0.22 per diluted share) recorded within the Products Segment for the second quarter and first six months of fiscal 2015, respectively.

The following is a rollforward of the restructuring reserve (included in Accrued Liabilities within the Condensed Consolidated Balance Sheets) attributable to Products Segment restructuring activities for the six month period ended December 28, 2014 (in thousands):

	Termination Benefits			Other Costs			Total
Reserve Balance at June 29, 2014	$	—		$	105		$	105
Provisions	3,999			11,231			15,230
Cash Expenditures	(332		)	(2,146		)	(2,478		)
Other Adjustments (1)	—			(9,190		)	(9,190		)
Reserve Balance at December 28, 2014	$	3,667		$	—		$	3,667

(1) Other adjustments includes $1.2 million of asset impairments and $7.9 million of accelerated depreciation.

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Separate Financial Information Of Subsidiary Guarantor Of Indebtedness

6 Months Ended

Dec. 28, 2014

Separate Financial Information Of Subsidiary Guarantors Of Indebtedness

Separate Financial Information Of Subsidiary Guarantor Of Indebtedness

Separate Financial Information of Subsidiary Guarantor of Indebtedness

Under the terms of the Company’s Senior Notes and the Revolver (collectively, the “Domestic Indebtedness”), Briggs & Stratton Power Products Group, LLC, a 100% owned subsidiary of the Company, was the sole joint and several guarantor of the Domestic Indebtedness (the “Guarantor”) as of December 28, 2014 and June 29, 2014. The Guarantor provides a full and unconditional guarantee of the Domestic Indebtedness, except for certain customary limitations. Additionally, if at any time a domestic subsidiary of the Company constitutes a significant domestic subsidiary, then such domestic subsidiary will also become a guarantor of the Domestic Indebtedness. Currently, all of the Domestic Indebtedness is unsecured. If the Company were to fail to make a payment of interest or principal on its due date, the Guarantor is obligated to pay the outstanding Domestic Indebtedness. The Company had the following outstanding amounts related to the guaranteed debt (in thousands):

	December 28, 2014 Carrying Amount		Maximum Guarantee
Senior Notes	$	225,000	$	225,000
Multicurrency Credit Agreement	$	87,000	$	500,000

The following condensed supplemental consolidating financial information reflects the summarized financial information of Briggs & Stratton, its Guarantors and Non-Guarantor Subsidiaries (in thousands):

CONSOLIDATING BALANCE SHEET

As of December 28, 2014

(Unaudited)

	Briggs & Stratton Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
CURRENT ASSETS:
Cash and Cash Equivalents	$	4,751	$	1,304	$	45,635	$	—		$	51,690
Accounts Receivable, Net	108,449		41,313		58,121		—			207,883
Intercompany Accounts Receivable	30,884		6,938		40,247		(78,069		)	—
Inventories, Net	290,002		169,779		80,336		—			540,117
Deferred Income Tax Asset	32,803		14,534		1,926		—			49,263
Prepaid Expenses and Other Current Assets	35,977		1,736		8,309		—			46,022
Total Current Assets	$	502,866	$	235,604	$	234,574	$	(78,069	)	$	894,975
OTHER ASSETS:
Goodwill	$	128,300	$	—	$	31,380	$	—		$	159,680
Investments	27,967		—		—		—			27,967
Investments in Subsidiaries	507,884		—		—		(507,884		)	—
Intercompany Note Receivable	43,460		105,904		22,903		(172,267		)	—
Debt Issuance Costs	4,188		—		—		—			4,188
Other Intangible Assets, Net	—		55,308		43,454		—			98,762
Long-Term Deferred Income Tax Asset	21,232		—		382		(21,232		)	382
Other Long-Term Assets, Net	8,023		1,918		1,417		—			11,358
Total Other Assets	$	741,054	$	163,130	$	99,536	$	(701,383	)	$	302,337
PLANT AND EQUIPMENT, NET	238,147		31,012		26,619		—			295,778
TOTAL ASSETS	$	1,482,067	$	429,746	$	360,729	$	(779,452	)	$	1,493,090
CURRENT LIABILITIES:
Accounts Payable	$	110,631	$	39,466	$	31,812	$	—		$	181,909
Intercompany Accounts Payable	28,364		11,699		38,006		(78,069		)	—
Short-Term Debt	87,000		—		—		—			87,000
Accrued Liabilities	89,220		34,775		19,370		—			143,365
Total Current Liabilities	$	315,215	$	85,940	$	89,188	$	(78,069	)	$	412,274
OTHER LIABILITIES:
Accrued Pension Cost	$	113,453	$	394	$	559	$	—		$	114,406
Accrued Employee Benefits	24,575		—		—		—			24,575
Accrued Postretirement Health Care Obligation	39,329		14,297		—		—			53,626
Intercompany Note Payable	119,655		—		52,612		(172,267		)	—
Deferred Income Tax Liabilities	—		20,638		10,773		(21,232		)	10,179
Other Long-Term Liabilities	28,057		7,283		907		—			36,247
Long-Term Debt	225,000		—		—		—			225,000
Total Other Liabilities	$	550,069	$	42,612	$	64,851	$	(193,499	)	$	464,033
TOTAL SHAREHOLDERS’ INVESTMENT:	616,783		301,194		206,690		(507,884		)	616,783
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	$	1,482,067	$	429,746	$	360,729	$	(779,452	)	$	1,493,090

CONSOLIDATING BALANCE SHEET

As of June 29, 2014

	Briggs & Stratton Corporation		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
CURRENT ASSETS:
Cash and Cash Equivalents	$	138,926	$	2,680	$	53,062	$	—		$	194,668
Accounts Receivable, Net	86,099		100,062		34,429		—			220,590
Intercompany Accounts Receivable	15,987		3,492		32,826		(52,305		)	—
Inventories, Net	165,159		146,749		64,195		—			376,103
Deferred Income Tax Asset	33,343		13,904		1,711		—			48,958
Prepaid Expenses and Other Current Assets	17,436		3,508		9,072		—			30,016
Total Current Assets	$	456,950	$	270,395	$	195,295	$	(52,305	)	$	870,335
OTHER ASSETS:
Goodwill	$	128,300	$	—	$	16,222	$	—		$	144,522
Investments	27,137		—		—		—			27,137
Investments in Subsidiaries	470,391		—		—		(470,391		)	—
Intercompany Note Receivable	49,293		84,567		13,876		(147,736		)	—
Debt Issuance Costs	4,671		—		—		—			4,671
Other Intangible Assets, Net	—		55,909		24,408		—			80,317
Long-Term Deferred Income Tax Asset	32,507		—		677		(18,006		)	15,178
Other Long-Term Assets, Net	7,120		2,088		1,331		—			10,539
Total Other Assets	$	719,419	$	142,564	$	56,514	$	(636,133	)	$	282,364
PLANT AND EQUIPMENT, NET	241,166		39,863		15,978		—			297,007
TOTAL ASSETS	$	1,417,535	$	452,822	$	267,787	$	(688,438	)	$	1,449,706
CURRENT LIABILITIES:
Accounts Payable	$	105,532	$	45,171	$	18,568	$	—		$	169,271
Intercompany Accounts Payable	21,859		6,002		24,444		(52,305		)	—
Accrued Liabilities	85,735		31,863		16,318		—			133,916
Total Current Liabilities	$	213,126	$	83,036	$	59,330	$	(52,305	)	$	303,187
OTHER LIABILITIES:
Accrued Pension Cost	$	125,481	$	421	$	627	$	—		$	126,529
Accrued Employee Benefits	24,491		—		—		—			24,491
Accrued Postretirement Health Care Obligation	44,928		14,362		—		—			59,290
Intercompany Note Payable	85,343		—		62,393		(147,736		)	—
Deferred Income Tax Liabilities			18,006		—		(18,006		)	—
Other Long-Term Liabilities	26,732		11,037		1,006		—			38,775
Long-Term Debt	225,000		—		—		—			225,000
Total Other Liabilities	$	531,975	$	43,826	$	64,026	$	(165,742	)	$	474,085
TOTAL SHAREHOLDERS’ INVESTMENT:	672,434		325,960		144,431		(470,391		)	672,434
TOTAL LIABILITIES AND SHAREHOLDERS’ INVESTMENT	$	1,417,535	$	452,822	$	267,787	$	(688,438	)	$	1,449,706

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months EndedDecember 28, 2014

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Net Sales	$	262,278		$	131,030		$	109,095	$	(58,116	)	$	444,287
Cost of Goods Sold	205,012			117,706			84,971		(58,116		)	349,573
Restructuring Charges	—			6,846			—		—			6,846
Gross Profit	57,266			6,478			24,124		—			87,868
Engineering, Selling, General and Administrative Expenses	40,433			18,087			15,450		—			73,970
Restructuring Charges	—			583			—		—			583
Equity in Loss from Subsidiaries	1,283			—			—		(1,283		)	—
Income (Loss) from Operations	15,550			(12,192		)	8,674		1,283			13,315
Interest Expense	(4,855		)	(35		)	—		—			(4,890		)
Other Income, Net	1,389			315			348		—			2,052
Income (Loss) before Income Taxes	12,084			(11,912		)	9,022		1,283			10,477
Provision (Credit) for Income Taxes	5,141			(4,498		)	2,891		—			3,534
Net Income (Loss)	$	6,943		$	(7,414	)	$	6,131	$	1,283		$	6,943
Comprehensive Income (Loss)	$	(2,034	)	$	(7,624	)	$	437	$	7,187		$	(2,034	)

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months EndedDecember 29, 2013

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	250,564		$	134,785		$	80,288		$	(49,045	)	$	416,592
Cost of Goods Sold	200,716			122,697			62,965			(49,045		)	337,333
Restructuring Charges	1,597			—			296			—			1,893
Gross Profit	48,251			12,088			17,027			—			77,366
Engineering, Selling, General and Administrative Expenses	42,243			18,094			11,440			—			71,777
Restructuring Charges	77			—			348			—			425
Equity in Loss from Subsidiaries	(436		)	—			—			436			—
Income (Loss) from Operations	6,367			(6,006		)	5,239			(436		)	5,164
Interest Expense	(4,582		)	—			(12		)	—			(4,594		)
Other Income, Net	1,611			95			45			—			1,751
Income (Loss) before Income Taxes	3,396			(5,911		)	5,272			(436		)	2,321
Provision (Credit) for Income Taxes	2,694			(2,174		)	1,099			—			1,619
Net Income (Loss)	$	702		$	(3,737	)	$	4,173		$	(436	)	$	702
Comprehensive Income (Loss)	$	2,982		$	(3,590	)	$	2,332		$	1,258		$	2,982

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Six Months EndedDecember 28, 2014

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	407,856		$	247,968		$	199,911		$	(118,819	)	$	736,916
Cost of Goods Sold	328,968			221,737			156,149			(118,819		)	588,035
Restructuring Charges	—			13,692			—			—			13,692
Gross Profit	78,888			12,539			43,762			—			135,189
Engineering, Selling, General and Administrative Expenses	77,300			35,744			31,009			—			144,053
Restructuring Charges	—			1,538			—			—			1,538
Equity in Loss from Subsidiaries	6,004			—			—			(6,004		)	—
Income (Loss) from Operations	(4,416		)	(24,743		)	12,753			6,004			(10,402		)
Interest Expense	(9,301		)	(106		)	(1		)	—			(9,408		)
Other Income, Net	3,315			775			335			—			4,425
Income (Loss) before Income Taxes	(10,402		)	(24,074		)	13,087			6,004			(15,385		)
Provision (Credit) for Income Taxes	(2,066		)	(8,979		)	3,996			—			(7,049		)
Net Income (Loss)	$	(8,336	)	$	(15,095	)	$	9,091		$	6,004		$	(8,336	)
Comprehensive Income (Loss)	$	(21,198	)	$	(15,031	)	$	(2,063	)	$	17,094		$	(21,198	)

CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Six Months EndedDecember 29, 2013

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	425,354		$	252,549		$	150,697		$	(94,704	)	$	733,896
Cost of Goods Sold	354,253			229,391			118,281			(94,704		)	607,221
Restructuring Charges	3,396			339			1,743			—			5,478
Gross Profit	67,705			22,819			30,673			—			121,197
Engineering, Selling, General and Administrative Expenses	79,751			35,691			25,097			—			140,539
Restructuring Charges	77			—			348			—			425
Equity in Loss from Subsidiaries	5,117			—			—			(5,117		)	—
Income (Loss) from Operations	(17,240		)	(12,872		)	5,228			5,117			(19,767		)
Interest Expense	(9,076		)	—			(27		)	—			(9,103		)
Other Income, Net	3,803			185			(145		)	—			3,843
Income (Loss) before Income Taxes	(22,513		)	(12,687		)	5,056			5,117			(25,027		)
Provision (Credit) for Income Taxes	(3,866		)	(4,678		)	2,164			—			(6,380		)
Net Income (Loss)	$	(18,647	)	$	(8,009	)	$	2,892		$	5,117		$	(18,647	)
Comprehensive Income (Loss)	$	(12,045	)	$	(8,205	)	$	2,509		$	5,696		$	(12,045	)

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Six Months EndedDecember 28, 2014

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Cash Provided by (Used in) Operating Activities	$	(138,405	)	$	22,575		$	2,501		$	(703	)	$	(114,032	)
Cash Flows from Investing Activities:
Additions to Plant and Equipment	(16,344		)	(2,739		)	(4,206		)	—			(23,289		)
Proceeds Received on Disposition of Plant and Equipment	84			136			69			—			289
Cash Investment in Subsidiary	(4,650		)	—			—			4,650			—
Cash Paid for Acquisition, Net of Cash Acquired	(62,056		)	—			—			—			(62,056		)
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	29,860			—			—			(29,860		)	—
Net Cash Provided by (Used in) Investing Activities	(53,106		)	(2,603		)	(4,137		)	(25,210		)	(85,056		)
Cash Flows from Financing Activities:
Net Borrowings (Repayments) on Loans, Revolver, Notes Payable and Long-Term Debt	87,000			(21,348		)	(8,512		)	29,860			87,000
Treasury Stock Purchases	(27,598		)	—			—			—			(27,598		)
Stock Option Exercise Proceeds and Tax Benefits	3,652			—			—			—			3,652
Cash Dividends Paid	(5,718		)	—			—			—			(5,718		)
Cash Investment in Subsidiary	—			—			3,947			(3,947		)	—
Net Cash Provided by (Used in) Financing Activities	57,336			(21,348		)	(4,565		)	25,913			57,336
Effect of Foreign Currency Exchange Rate Changes on Cash and Cash Equivalents	—			—			(1,226		)	—			(1,226		)
Net Increase (Decrease) in Cash and Cash Equivalents	(134,175		)	(1,376		)	(7,427		)	—			(142,978		)
Cash and Cash Equivalents, Beginning	138,926			2,680			53,062			—			194,668
Cash and Cash Equivalents, Ending	$	4,751		$	1,304		$	45,635		$	—		$	51,690

CONSOLIDATING STATEMENT OF CASH FLOWS

For the Six Months EndedDecember 29, 2013

(Unaudited)

	Briggs & Stratton Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net Cash Provided by (Used in) Operating Activities	$	(98,437	)	$	28,940		$	24,249		$	—	$	(45,248	)
Cash Flows from Investing Activities:
Additions to Plant and Equipment	(15,904		)	(1,365		)	(794		)	—		(18,063		)
Proceeds Received on Disposition of Plant and Equipment	28			33			—			—		61
Cash Investment in Subsidiary	8,107			—			(8,107		)	—		—
Net Cash Provided by (Used in) Investing Activities	(7,769		)	(1,332		)	(8,901		)	—		(18,002		)
Cash Flows from Financing Activities:
Repayments on Short-Term Debt	—			—			(300		)	—		(300		)
Net Borrowings (Repayments) on Loans, Notes Payable and Long-Term Debt	27,300			(27,300		)	—			—		—
Debt Issuance Costs	(942		)	—			—			—		(942		)
Treasury Stock Purchases	(21,086		)	—			—			—		(21,086		)
Stock Option Exercise Proceeds and Tax Benefits	994			—			—			—		994
Cash Dividends Paid	(5,730		)	—			—			—		(5,730		)
Net Cash Provided by (Used in) Financing Activities	536			(27,300		)	(300		)	—		(27,064		)
Effect of Foreign Currency Exchange Rate Changes on Cash and Cash Equivalents	—			—			31			—		31
Net Increase (Decrease) in Cash and Cash Equivalents	(105,670		)	308			15,079			—		(90,283		)
Cash and Cash Equivalents, Beginning	162,628			1,275			24,542			—		188,445
Cash and Cash Equivalents, Ending	$	56,958		$	1,583		$	39,621		$	—	$	98,162

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Income Taxes

6 Months Ended

Dec. 28, 2014

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The effective tax rates for the second quarter and first six months of fiscal 2015 were 33.7% and 45.8%, compared to 69.8% and 25.5% for the respective periods last year. The tax rates for the second quarter and first six months of fiscal 2015 were primarily driven by losses incurred at certain foreign subsidiaries for which the Company does not receive tax benefits and the re-enactment of the U.S. research and development tax credit. In addition, the tax rate for the first six months of fiscal 2015 was impacted by the reversal of previously recorded reserves as a result of the effective settlement of the Company’s IRS audit. The tax rates for the second quarter and first six months of fiscal 2014 were primarily driven by losses incurred at certain foreign subsidiaries for which the Company did not receive tax benefits.

For the six months ended December 28, 2014, the Company's unrecognized tax benefits decreased by $2.0 million, all of which impacted the current effective tax rate. This amount substantially consists of the aforementioned reversal of reserves.

Income tax returns are filed in the U.S., state, and foreign jurisdictions and related audits occur on a regular basis. The Company is no longer subject to U.S. federal income tax examinations before fiscal 2012 and is currently under audit by various jurisdictions. With respect to the Company's major foreign jurisdictions, they are no longer subject to tax examinations before fiscal 2004.

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Stock Incentives

6 Months Ended

Dec. 28, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Incentives

Stock Incentives

Stock based compensation expense is calculated by estimating the fair value of incentive stock awards granted and amortizing the estimated value over the awards' vesting period. Stock based compensation expense was $1.8 million and $3.4 million for the three and six months ended December 28, 2014, respectively. For the three and six months ended December 29, 2013, stock based compensation expense was $1.5 million and $4.5 million, respectively.

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Separate Financial Information Of Subsidiary Guarantor of Indebtedness (Schedule Of Consolidating Statement Of Operations and Comprehensive Income (Loss)) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013	Dec. 28, 2014	Dec. 29, 2013
Net Sales	$ 444,287	$ 416,592	$ 736,916	$ 733,896
Cost of Goods Sold	349,573	337,333	588,035	607,221
Cost Of Goods Sold Restructuring Charges	6,846	1,893	13,692	5,478
Gross Profit	87,868	77,366	135,189	121,197
Engineering, Selling, General and Administrative Expenses	73,970	71,777	144,053	140,539
Operating Restructuring Charges	583	425	1,538	425
Equity In Loss From Subsidiaries	0	0	0	0
Income (Loss) from Operations	13,315	5,164	(10,402)	(19,767)
Interest Expense	(4,890)	(4,594)	(9,408)	(9,103)
Other Income, Net	2,052	1,751	4,425	3,843
Income (Loss) Before Income Taxes	10,477	2,321	(15,385)	(25,027)
Provision (Credit) for Income Taxes	3,534	1,619	(7,049)	(6,380)
NET INCOME (LOSS)	6,943	702	(8,336)	(18,647)
Comprehensive Income (Loss)	(2,034)	2,982	(21,198)	(12,045)
Briggs & Stratton Corporation [Member]
Net Sales	262,278	250,564	407,856	425,354
Cost of Goods Sold	205,012	200,716	328,968	354,253
Cost Of Goods Sold Restructuring Charges	0	1,597	0	3,396
Gross Profit	57,266	48,251	78,888	67,705
Engineering, Selling, General and Administrative Expenses	40,433	42,243	77,300	79,751
Operating Restructuring Charges	0	77	0	77
Equity In Loss From Subsidiaries	1,283	(436)	6,004	5,117
Income (Loss) from Operations	15,550	6,367	(4,416)	(17,240)
Interest Expense	(4,855)	(4,582)	(9,301)	(9,076)
Other Income, Net	1,389	1,611	3,315	3,803
Income (Loss) Before Income Taxes	12,084	3,396	(10,402)	(22,513)
Provision (Credit) for Income Taxes	5,141	2,694	(2,066)	(3,866)
NET INCOME (LOSS)	6,943	702	(8,336)	(18,647)
Comprehensive Income (Loss)	(2,034)	2,982	(21,198)	(12,045)
Guarantor Subsidiary [Member]
Net Sales	131,030	134,785	247,968	252,549
Cost of Goods Sold	117,706	122,697	221,737	229,391
Cost Of Goods Sold Restructuring Charges	6,846	0	13,692	339
Gross Profit	6,478	12,088	12,539	22,819
Engineering, Selling, General and Administrative Expenses	18,087	18,094	35,744	35,691
Operating Restructuring Charges	583	0	1,538	0
Equity In Loss From Subsidiaries	0	0	0	0
Income (Loss) from Operations	(12,192)	(6,006)	(24,743)	(12,872)
Interest Expense	(35)	0	(106)	0
Other Income, Net	315	95	775	185
Income (Loss) Before Income Taxes	(11,912)	(5,911)	(24,074)	(12,687)
Provision (Credit) for Income Taxes	(4,498)	(2,174)	(8,979)	(4,678)
NET INCOME (LOSS)	(7,414)	(3,737)	(15,095)	(8,009)
Comprehensive Income (Loss)	(7,624)	(3,590)	(15,031)	(8,205)
Non-Guarantor Subsidiaries [Member]
Net Sales	109,095	80,288	199,911	150,697
Cost of Goods Sold	84,971	62,965	156,149	118,281
Cost Of Goods Sold Restructuring Charges	0	296	0	1,743
Gross Profit	24,124	17,027	43,762	30,673
Engineering, Selling, General and Administrative Expenses	15,450	11,440	31,009	25,097
Operating Restructuring Charges	0	348	0	348
Equity In Loss From Subsidiaries	0	0	0	0
Income (Loss) from Operations	8,674	5,239	12,753	5,228
Interest Expense	0	(12)	(1)	(27)
Other Income, Net	348	45	335	(145)
Income (Loss) Before Income Taxes	9,022	5,272	13,087	5,056
Provision (Credit) for Income Taxes	2,891	1,099	3,996	2,164
NET INCOME (LOSS)	6,131	4,173	9,091	2,892
Comprehensive Income (Loss)	437	2,332	(2,063)	2,509
Eliminations [Member]
Net Sales	(58,116)	(49,045)	(118,819)	(94,704)
Cost of Goods Sold	(58,116)	(49,045)	(118,819)	(94,704)
Cost Of Goods Sold Restructuring Charges	0	0	0	0
Gross Profit	0	0	0	0
Engineering, Selling, General and Administrative Expenses	0	0	0	0
Operating Restructuring Charges	0	0	0	0
Equity In Loss From Subsidiaries	(1,283)	436	(6,004)	(5,117)
Income (Loss) from Operations	1,283	(436)	6,004	5,117
Interest Expense	0	0	0	0
Other Income, Net	0	0	0	0
Income (Loss) Before Income Taxes	1,283	(436)	6,004	5,117
Provision (Credit) for Income Taxes	0	0	0	0
NET INCOME (LOSS)	1,283	(436)	6,004	5,117
Comprehensive Income (Loss)	$ 7,187	$ 1,258	$ 17,094	$ 5,696

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Investments (Notes)

6 Months Ended

Dec. 28, 2014

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments and Joint Ventures Disclosure [Text Block]

Investments

This caption represents the Company’s investments in unconsolidated affiliated companies.

During the third quarter of fiscal 2014, the Company joined with one of its independent distributors to form a venture to distribute service parts. The Company contributed non-cash assets in exchange for receiving an ownership interest in the venture. As a result of the transaction, the Company recorded an investment of $6.5 million. In the first quarter of fiscal 2015, a second independent distributor joined the venture and, as a result, the Company recorded an additional investment of $2.8 million. During the second quarter of fiscal 2015, the venture acquired a third independent distributor. The Company uses the equity method to account for this investment, and the earnings of the unconsolidated affiliate are recorded within the Products Segment. As of December 28, 2014, the Company's total investment in the venture was $10.2 million, and its ownership percentage was 11.9%.

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Pension and Postretirement Benefits

6 Months Ended

Dec. 28, 2014

Compensation and Retirement Disclosure [Abstract]

Pension and Postretirement Benefits

Pension and Postretirement Benefits

The Company has noncontributory defined benefit retirement plans and postretirement plans covering certain employees. The following tables summarize the plans’ income and expense for the periods indicated (in thousands):

	Pension Benefits						Other Postretirement Benefits
	Three Months Ended						Three Months Ended
	December 28, 2014			December 29, 2013			December 28, 2014			December 29, 2013
Components of Net Periodic Expense (Income):
Service Cost	$	886		$	1,885		$	63		$	78
Interest Cost on Projected Benefit Obligation	12,430			13,419			907			1,151
Expected Return on Plan Assets	(18,631		)	(18,510		)	—			—
Amortization of:
Prior Service Cost (Credit)	45			45			(689		)	(724		)
Actuarial Loss	3,333			6,275			1,177			1,549
Net Periodic Expense (Income)	$	(1,937	)	$	3,114		$	1,458		$	2,054

	Pension Benefits						Other Postretirement Benefits
	Six Months Ended						Six Months Ended
	December 28, 2014			December 29, 2013			December 28, 2014			December 29, 2013
Components of Net Periodic Expense (Income):
Service Cost	$	1,716		$	3,823		$	148		$	167
Interest Cost on Projected Benefit Obligation	24,891			26,872			1,804			2,300
Expected Return on Plan Assets	(37,319		)	(37,076		)	—			—
Amortization of:
Prior Service Cost (Credit)	90			90			(1,379		)	(1,448		)
Actuarial Loss	6,631			12,545			2,324			3,008
Net Periodic Expense (Income)	$	(3,991	)	$	6,254		$	2,897		$	4,027

On January 1, 2014, an amendment to the Company's defined benefit retirement plans became effective that froze accruals for all U.S. non-bargaining employees. Also, on January 1, 2014, amendments became effective that increased benefits under the defined contribution plans.

The Company expects to make benefit payments of $3.2 million attributable to its non-qualified pension plans during fiscal 2015. During the first six months of fiscal 2015, the Company made payments of approximately $1.3 million for its non-qualified pension plans. The Company anticipates making benefit payments of approximately $12.7 million for its other postretirement benefit plans during fiscal 2015. During the first six months of fiscal 2015, the Company made payments of $8.3 million for its other postretirement benefit plans.

During the first six months of fiscal 2015, the Company made no cash contributions to the qualified pension plan. Based upon current regulations and actuarial studies, the Company is required to make no minimum contributions to the qualified pension plan during the remainder of fiscal 2015. The Company may be required to make further contributions in future years depending upon the actual return on plan assets and the funded status of the plan in future periods.

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Derivative Instruments and Hedging Activities

6 Months Ended

Dec. 28, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities

Derivative Instruments & Hedging Activities

The Company enters into derivative contracts designated as cash flow hedges to manage certain interest rate, foreign currency and commodity exposures. Company policy allows derivatives to be used only for identifiable exposures and, therefore, the Company does not enter into hedges for trading purposes where the sole objective is to generate profits.

The Company formally designates the financial instrument as a hedge of a specific underlying exposure and documents both the risk management objectives and strategies for undertaking the hedge. The Company formally assesses, both at the inception and at least quarterly thereafter, whether the financial instruments that are used in hedging transactions are effective at offsetting changes in the forecasted cash flows of the related underlying exposure. Because of the high degree of effectiveness between the hedging instrument and the underlying exposure being hedged, fluctuations in the value of the derivative instruments are generally offset by changes in the forecasted cash flows of the underlying exposures being hedged. Derivative financial instruments are recorded on the Condensed Consolidated Balance Sheets as assets or liabilities, measured at fair value. The effective portion of gains or losses on the derivative designated as cash flow hedges are reported as a component of Accumulated Other Comprehensive Income (Loss) (AOCI) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Any ineffective portion of a financial instrument's change in fair value is immediately recognized in earnings.

The Company discontinues hedge accounting prospectively when it determines that the derivative is no longer effective in offsetting cash flows attributable to the hedged risk, the derivative expires or is sold, terminated, or exercised, the cash flow hedge is dedesignated because a forecasted transaction is not probable of occurring, or management determines to remove the designation of the cash flow hedge.

In all situations in which hedge accounting is discontinued and the derivative remains outstanding, the Company continues to carry the derivative at its fair value on the balance sheet and recognizes any subsequent changes in its fair value in earnings. When it is probable that a forecasted transaction will not occur, the Company discontinues hedge accounting and recognizes immediately in earnings gains and losses that were accumulated in other comprehensive income related to the hedging relationship.

The Company enters into interest rate swaps to manage a portion of its interest rate risk from financing certain dealer and distributor inventories through a third party financing source. The swaps are designated as cash flow hedges and are used to effectively fix the interest payments to a third party financing source, exclusive of lender spreads, ranging from 1.17% to 1.60% for a notional principal amount of $95 million with expiration dates ranging from July 2017 through May 2019.

The Company enters into forward foreign currency contracts to hedge the risk from forecasted third party and intercompany sales or payments denominated in foreign currencies. These obligations generally require the Company to exchange foreign currencies for U.S. Dollars, Australian Dollars, Brazilian Real, Canadian Dollars, Chinese Renminbi, Euros, Japanese Yen or Mexican Pesos. These contracts generally do not have a maturity of more than twenty-four months.

The Company uses raw materials that are subject to price volatility. The Company hedges a portion of its exposure to the variability of cash flows associated with commodities used in the manufacturing process by entering into forward purchase contracts or commodity swaps. Derivative contracts designated as cash flow hedges are used by the Company to reduce exposure to variability in cash flows associated with future purchases of natural gas. These contracts generally do not have a maturity of more than twenty-four months.

The Company has considered the counterparty credit risk related to all of its interest rate, foreign currency and commodity derivative contracts and deems any risk of counterparty default to be minimal.

As of December 28, 2014 and June 29, 2014, the Company had the following outstanding derivative contracts (in thousands):

Contract		Notional Amount
		December 28, 2014	June 29, 2014
Interest Rate:
LIBOR Interest Rate (U.S. Dollars)	Fixed	95,000	95,000
Foreign Currency:
Australian Dollar	Sell	9,764	19,904
Brazilian Real	Sell	18,452	—
Canadian Dollar	Sell	6,450	3,100
Chinese Renminbi	Buy	151,075	—
Euro	Sell	45,200	49,300
Euro	Buy	6,000	—
Japanese Yen	Buy	1,030,000	530,000
Mexican Peso	Sell	—	3,000
Commodity:
Natural Gas (Therms)	Buy	10,041	5,686

The location and fair value of derivative instruments reported in the Condensed Consolidated Balance Sheets are as follows (in thousands):

Balance Sheet Location	Asset (Liability) Fair Value
	December 28, 2014			June 29, 2014
Interest rate contracts
Other Long-Term Assets	$	56		$	43
Other Long-Term Liabilities	(795		)	(1,209		)
Foreign currency contracts
Other Current Assets	8,245			337
Other Long-Term Assets	438			12
Accrued Liabilities	(1,168		)	(665		)
Other Long-Term Liabilities	—			(9		)
Commodity contracts
Other Current Assets	—			39
Accrued Liabilities	(630		)	(35		)
Other Long-Term Liabilities	(143		)	(14		)
	$	6,003		$	(1,501	)

The effect of derivative instruments on the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) is as follows (in thousands):

	Three months ended December 28, 2014
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective Portion)
Interest rate contracts	$	(89	)	Net Sales	$	(314	)	$	—
Foreign currency contracts - sell	394			Net Sales	2,079			—
Foreign currency contracts - buy	(251		)	Cost of Goods Sold	(175		)	—
Commodity contracts	(215		)	Cost of Goods Sold	(343		)	—
	$	(161	)		$	1,247		$	—

	Three months ended December 29, 2013
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective Portion)
Interest rate contracts	$	255		Net Sales	$	(301	)	$	—
Foreign currency contracts - sell	(151		)	Net Sales	(115		)	—
Foreign currency contracts - buy	(67		)	Cost of Goods Sold	(172		)	—
Commodity contracts	1,431			Cost of Goods Sold	(2,160		)	—
	$	1,468			$	(2,748	)	$	—

	Six months ended December 28, 2014
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective Portion)
Interest rate contracts	$	261		Net Sales	$	(625	)	$	—
Foreign currency contracts - sell	3,840			Net Sales	2,543			—
Foreign currency contracts - buy	(408		)	Cost of Goods Sold	(246		)	—
Commodity contracts	(187		)	Cost of Goods Sold	(522		)	—
	$	3,506			$	1,150		$	—

	Six months ended December 29, 2013
	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives, Net of Taxes (Effective Portion)			Classification of Gain (Loss)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)			Recognized in Earnings (Ineffective Portion)
Interest rate contracts	$	5		Net Sales	$	(597	)	$	—
Foreign currency contracts - sell	(1,099		)	Net Sales	(110		)	—
Foreign currency contracts - buy	(28		)	Cost of Goods Sold	(639		)	—
Commodity contracts	2,309			Cost of Goods Sold	(3,658		)	—
	$	1,187			$	(5,004	)	$	—

During the next twelve months, the estimated net amount of income on cash flow hedges as of December 28, 2014 expected to be reclassified out of AOCI into earnings is $3.2 million.

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Accumulated Other Comprehensive Income (Loss) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013	Dec. 28, 2014	Dec. 29, 2013
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	$ (199,142)	$ (220,606)	$ (195,257)	$ (224,928)
Other Comprehensive Income (Loss), Before Reclassifications	(10,226)	(3,994)	(14,315)	(6,452)
Income Tax Benefit (Expense)	(375)	141	(2,586)	1,180
Net Other Comprehensive Income (Loss) Before Reclassifications	(10,601)	(3,853)	(16,901)	(5,272)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	2,619	9,893	6,516	19,199
Income Tax Expense (Benefit)	(995)	(3,760)	(2,477)	(7,325)
Net Reclassifications	1,624	6,133	4,039	11,874
Other Comprehensive Income (Loss)	(8,977)	2,280	(12,862)	6,602
Ending Balance	(208,119)	(218,326)	(208,119)	(218,326)
Prior Service Costs [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	(644)	(679)	(1,289)	(1,358)
Actuarial Losses [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	4,510	7,824	8,955	15,553
Foreign Currency Contract [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	(1,904)	287	(2,297)	749
Commodity Contract [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	343	2,160	522	3,658
Interest Rate Swap [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	314	301	625	597
Accumulated Translation Adjustment [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	3,146	12,139	13,053	11,886
Other Comprehensive Income (Loss), Before Reclassifications	(11,213)	(3,625)	(21,120)	(3,372)
Income Tax Benefit (Expense)	0	0	0	0
Net Other Comprehensive Income (Loss) Before Reclassifications	(11,213)	(3,625)	(21,120)	(3,372)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0	0	0
Income Tax Expense (Benefit)	0	0	0	0
Net Reclassifications	0	0	0	0
Other Comprehensive Income (Loss)	(11,213)	(3,625)	(21,120)	(3,372)
Ending Balance	(8,067)	8,514	(8,067)	8,514
Accumulated Translation Adjustment [Member] | Prior Service Costs [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0	0	0
Accumulated Translation Adjustment [Member] | Actuarial Losses [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0	0	0
Accumulated Translation Adjustment [Member] | Foreign Currency Contract [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0	0	0
Accumulated Translation Adjustment [Member] | Commodity Contract [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0	0	0
Accumulated Translation Adjustment [Member] | Interest Rate Swap [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0	0	0
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	2,583	(3,954)	(1,084)	(3,673)
Other Comprehensive Income (Loss), Before Reclassifications	987	(369)	6,805	(3,080)
Income Tax Benefit (Expense)	(375)	141	(2,586)	1,180
Net Other Comprehensive Income (Loss) Before Reclassifications	612	(228)	4,219	(1,900)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	(1,247)	2,748	(1,150)	5,004
Income Tax Expense (Benefit)	474	(1,052)	437	(1,917)
Net Reclassifications	(773)	1,696	(713)	3,087
Other Comprehensive Income (Loss)	(161)	1,468	3,506	1,187
Ending Balance	2,422	(2,486)	2,422	(2,486)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Prior Service Costs [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0	0	0
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Actuarial Losses [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0	0	0
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Foreign Currency Contract [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	(1,904)	287	(2,297)	749
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Commodity Contract [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	343	2,160	522	3,658
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Interest Rate Swap [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	314	301	625	597
Accumulated Defined Benefit Plans Adjustment [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(204,871)	(228,791)	(207,226)	(233,141)
Other Comprehensive Income (Loss), Before Reclassifications	0	0	0	0
Income Tax Benefit (Expense)	0	0	0	0
Net Other Comprehensive Income (Loss) Before Reclassifications	0	0	0	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	3,866	7,145	7,666	14,195
Income Tax Expense (Benefit)	(1,469)	(2,708)	(2,914)	(5,408)
Net Reclassifications	2,397	4,437	4,752	8,787
Other Comprehensive Income (Loss)	2,397	4,437	4,752	8,787
Ending Balance	(202,474)	(224,354)	(202,474)	(224,354)
Accumulated Defined Benefit Plans Adjustment [Member] | Prior Service Costs [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	(644)	(679)	(1,289)	(1,358)
Accumulated Defined Benefit Plans Adjustment [Member] | Actuarial Losses [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	4,510	7,824	8,955	15,553
Accumulated Defined Benefit Plans Adjustment [Member] | Foreign Currency Contract [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0	0	0
Accumulated Defined Benefit Plans Adjustment [Member] | Commodity Contract [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	0	0	0	0
Accumulated Defined Benefit Plans Adjustment [Member] | Interest Rate Swap [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Before Tax	$ 0	$ 0	$ 0	$ 0

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Warranty (Details) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013
Warranty Accrual, Beginning Balance	$ 44,744	$ 45,037
Payments	(15,201)	(15,108)
Provision for Current Year Warranties	13,235	12,083
Changes in Estimates	(39)	(438)
Warranty Accrual, Ending Balance	$ 42,739	$ 41,574

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Segment Information

6 Months Ended

Dec. 28, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company maintains two reportable business segments that are managed separately based on fundamental differences in their operations. Beginning in fiscal 2015, the Company is using “segment income (loss)” as the primary measure to evaluate operating performance and allocate capital resources for the Engines and Products Segments. Previously, the Company used income (loss) from operations. Segment income (loss) is defined as income (loss) from operations plus equity in earnings of unconsolidated affiliates. The Company has recast prior year amounts for comparability. Summarized segment data is as follows (in thousands):

	Three Months Ended						Six Months Ended
	December 28, 2014			December 29, 2013			December 28, 2014			December 29, 2013
NET SALES:
Engines	$	271,704		$	265,712		$	424,820		$	449,499
Products	199,050			171,528			365,178			324,564
Inter-Segment Eliminations	(26,467		)	(20,648		)	(53,082		)	(40,167		)
Total	$	444,287		$	416,592		$	736,916		$	733,896
GROSS PROFIT:
Engines	$	62,896		$	54,257		$	90,696		$	79,493
Products	25,213			21,959			44,597			39,784
Inter-Segment Eliminations	(241		)	1,150			(104		)	1,920
Total	$	87,868		$	77,366		$	135,189		$	121,197
SEGMENT INCOME (LOSS):
Engines	$	18,894		$	9,292		$	5,040		$	(7,266	)
Products	(3,884		)	(4,256		)	(11,997		)	(11,870		)
Inter-Segment Eliminations	(241		)	1,150			(104		)	1,920
Total	$	14,769		$	6,186		$	(7,061	)	$	(17,216	)
Reconciliation from Segment Income (Loss) to Income (Loss) Before Income Taxes:
Equity in Earnings from Unconsolidated Affiliates	1,454			1,022			3,341			2,551
Income (Loss) from Operations	$	13,315		$	5,164		$	(10,402	)	$	(19,767	)
INTEREST EXPENSE	(4,890		)	(4,594		)	(9,408		)	(9,103		)
OTHER INCOME, Net	2,052			1,751			4,425			3,843
Income (Loss) Before Income Taxes	10,477			2,321			(15,385		)	(25,027		)
PROVISION (CREDIT) FOR INCOME TAXES	3,534			1,619			(7,049		)	(6,380		)
Net Income (Loss)	$	6,943		$	702		$	(8,336	)	$	(18,647	)

Pre-tax restructuring charges and acquisition-related charges included in gross profit were as follows (in thousands):

	Three Months Ended				Six Months Ended
	December 28, 2014		December 29, 2013		December 28, 2014		December 29, 2013
PRE-TAX RESTRUCTURING CHARGES AND ACQUISITION-RELATED CHARGES INCLUDED IN GROSS PROFIT:
Engines	$	—	$	1,631	$	—	$	3,396
Products	6,846		262		14,864		2,082
Total	$	6,846	$	1,893	$	14,864	$	5,478

Pre-tax restructuring charges and acquisition-related charges included in segment income (loss) were as follows (in thousands):

	Three Months Ended				Six Months Ended
	December 28, 2014		December 29, 2013		December 28, 2014		December 29, 2013
PRE-TAX RESTRUCTURING CHARGES AND ACQUISITION-RELATED CHARGES INCLUDED IN SEGMENT INCOME (LOSS):
Engines	$	—	$	2,056	$	—	$	3,821
Products	7,610		262		16,761		2,082
Total	$	7,610	$	2,318	$	16,761	$	5,903

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Earnings (Loss) Per Share (Tables)

6 Months Ended

Dec. 28, 2014

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

Information on earnings (loss) per share is as follows (in thousands, except per share data):

	Three Months Ended						Six Months Ended
	December 28, 2014			December 29, 2013			December 28, 2014			December 29, 2013
Net Income (Loss)	$	6,943		$	702		$	(8,336	)	$	(18,647	)
Less: Allocation to Participating Securities	(168		)	(151		)	(266		)	(302		)
Net Income (Loss) Available to Common Shareholders	$	6,775		$	551		$	(8,602	)	$	(18,949	)
Average Shares of Common Stock Outstanding	44,579			46,825			44,827			46,760
Diluted Average Shares Outstanding	44,629			47,987			44,827			46,760
Basic Earnings (Loss) Per Share	$	0.15		$	0.01		$	(0.19	)	$	(0.41	)
Diluted Earnings (Loss) Per Share	$	0.15		$	0.01		$	(0.19	)	$	(0.41	)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following options to purchase shares of common stock were excluded from the calculation of diluted earnings (loss) per share as the exercise prices were greater than the average market price of the common shares:

	Three Months Ended				Six Months Ended
	December 28, 2014		December 29, 2013		December 28, 2014		December 29, 2013
Options to Purchase Shares of Common Stock (in thousands)	858		1,845		858		1,348
Weighted Average Exercise Price of Options Excluded	$	20.32	$	28.64	$	20.32	$	31.88

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Fair Value Measurements (Details) (Fair Value, Measurements, Recurring [Member], USD $) In Thousands, unless otherwise specified	Dec. 28, 2014	Jun. 29, 2014
Estimate of Fair Value Measurement [Member]
Assets, Derivatives	$ 8,739	$ 431
Liabilities, Derivatives	2,736	1,932
Fair Value Measurements Using Level 1 [Member]
Assets, Derivatives	0	0
Liabilities, Derivatives	0	0
Fair Value Measurements Using Level 2 [Member]
Assets, Derivatives	8,739	431
Liabilities, Derivatives	2,736	1,932
Fair Value Measurements Using Level 3 [Member]
Assets, Derivatives	0	0
Liabilities, Derivatives	$ 0	$ 0

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Investments (Details) (USD $)	Dec. 28, 2014	Jun. 29, 2014	Sep. 28, 2014	Mar. 30, 2014
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	$ 27,967,000	$ 27,137,000
Independent Distributors [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	10,200,000			6,500,000
Equity Method Investment - Incremental Investment			$ 2,800,000
Equity Method Investment, Ownership Percentage	11.90%

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Condensed Consolidated Statements of Comprehensive Income (Loss) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013	Dec. 28, 2014	Dec. 29, 2013
Net Income (Loss)	$ 6,943	$ 702	$ (8,336)	$ (18,647)
Cumulative Translation Adjustments	(11,213)	(3,625)	(21,120)	(3,372)
Unrealized Gain (Loss) on Derivative Instruments, Net of Tax	(161)	1,468	3,506	1,187
Unrecognized Pension & Postretirement Obligation, Net of Tax	2,397	4,437	4,752	8,787
Other Comprehensive Income (Loss)	(8,977)	2,280	(12,862)	6,602
Total Comprehensive Income (Loss)	$ (2,034)	$ 2,982	$ (21,198)	$ (12,045)

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Acquisitions

6 Months Ended

Dec. 28, 2014

Acquisitions [Abstract]

Acquisitions

Acquisitions

On August 29, 2014, the Company acquired all of the outstanding shares of Allmand Bros., Inc. ("Allmand") of Holdrege, Nebraska for total cash consideration of $62.1 million, net of cash acquired. Allmand is a leading designer and manufacturer of high quality towable light towers, industrial heaters, and solar LED arrow boards. Its products are used in a variety of industries, including construction, roadway, oil and gas, mining, and sporting and special events. Allmand's products are generally powered by diesel engines, and distributed through national and regional equipment rental companies, equipment dealers and distributors. Allmand sells its products and service parts in approximately 40 countries. During the first quarter of fiscal 2015, the Company recorded a preliminary purchase price allocation based on its initial estimates of fair value. The preliminary purchase price allocation resulted in the recognition of $17.7 million of goodwill, which was allocated to the Products Segment, and $24.1 million of intangible assets, including $15.7 million of customer relationships, $8.1 million of tradenames, and $0.3 million of other intangible assets.

The results of operations of Allmand have been included in the Condensed Consolidated Statements of Operations since the date of acquisition. Pro forma financial information and allocation of the preliminary purchase price are not presented as the effects of the acquisition are not material to the Company's consolidated results of operations or financial position.

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Separate Financial Information Of Subsidiary Guarantor Of Indebtedness (Schedule Of Outstanding Amounts Related To Guaranteed Debt) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 28, 2014	Jun. 29, 2014	Dec. 15, 2010	Oct. 21, 2013
Senior Notes [Member]
Senior Notes	$ 225,000	$ 225,000	$ 225,000
Long-Term Debt Maximum Guarantee	225,000
Multicurrency Credit Agreement [Member]
Line of Credit, Current	87,000	0
Line of Credit Facility, Maximum Borrowing Capacity	$ 500,000			$ 500,000

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Pension and Postretirement Benefits (Tables)

6 Months Ended

Dec. 28, 2014

Compensation and Retirement Disclosure [Abstract]

Schedule of Net Benefit Costs

The following tables summarize the plans’ income and expense for the periods indicated (in thousands):

	Pension Benefits						Other Postretirement Benefits
	Three Months Ended						Three Months Ended
	December 28, 2014			December 29, 2013			December 28, 2014			December 29, 2013
Components of Net Periodic Expense (Income):
Service Cost	$	886		$	1,885		$	63		$	78
Interest Cost on Projected Benefit Obligation	12,430			13,419			907			1,151
Expected Return on Plan Assets	(18,631		)	(18,510		)	—			—
Amortization of:
Prior Service Cost (Credit)	45			45			(689		)	(724		)
Actuarial Loss	3,333			6,275			1,177			1,549
Net Periodic Expense (Income)	$	(1,937	)	$	3,114		$	1,458		$	2,054

	Pension Benefits						Other Postretirement Benefits
	Six Months Ended						Six Months Ended
	December 28, 2014			December 29, 2013			December 28, 2014			December 29, 2013
Components of Net Periodic Expense (Income):
Service Cost	$	1,716		$	3,823		$	148		$	167
Interest Cost on Projected Benefit Obligation	24,891			26,872			1,804			2,300
Expected Return on Plan Assets	(37,319		)	(37,076		)	—			—
Amortization of:
Prior Service Cost (Credit)	90			90			(1,379		)	(1,448		)
Actuarial Loss	6,631			12,545			2,324			3,008
Net Periodic Expense (Income)	$	(3,991	)	$	6,254		$	2,897		$	4,027

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Earnings (Loss) Per Share Earnings Per Share Information (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Dec. 28, 2014	Dec. 29, 2013	Dec. 28, 2014	Dec. 29, 2013
Net Income (Loss)	$ 6,943	$ 702	$ (8,336)	$ (18,647)
Less: Allocation to Participating Securities	(168)	(151)	(266)	(302)
Net Income (Loss) Available to Common Shareholders	$ 6,775	$ 551	$ (8,602)	$ (18,949)
Average Shares of Common Stock Outstanding	44,579	46,825	44,827	46,760
Diluted Average Shares Outstanding	44,629	47,987	44,827	46,760
Basic Earnings (Loss) Per Share	$ 0.15	$ 0.01	$ (0.19)	$ (0.41)
Diluted Earnings (Loss) Per Share	$ 0.15	$ 0.01	$ (0.19)	$ (0.41)

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Commitments And Contingencies

6 Months Ended

Dec. 28, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments And Contingencies

Commitments and Contingencies

Briggs & Stratton is subject to various unresolved legal actions that arise in the normal course of its business. These actions typically relate to product liability (including asbestos-related liability), patent and trademark matters, and disputes with customers, suppliers, distributors and dealers, competitors and employees.

On May 14, 2010, the Company notified retirees and certain retirement eligible employees of various amendments to the Company-sponsored retiree medical plans intended to better align the plans offered to both hourly and salaried retirees. On August 16, 2010, a putative class of retirees who retired prior to August 1, 2006 and the United Steel Workers filed a complaint in the U.S. District Court for the Eastern District of Wisconsin (Merrill, Weber, Carpenter, et al.; United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO/CLC v. Briggs & Stratton Corporation; Group Insurance Plan of Briggs & Stratton Corporation; and Does 1 through 20, Docket No. 10-C-0700), contesting the Company's right to make these changes. The complaint seeks an injunction preventing the alleged unilateral termination or reduction in insurance coverage to the class of retirees, a permanent injunction preventing defendants from ever making changes to the retirees' insurance coverage, restitution with interest (if applicable) and attorneys' fees and costs. A class has been certified, and discovery has concluded. Both parties moved for summary judgment, which was fully briefed on December 23, 2014. Summary judgment is currently pending before the court, and no hearing date has been set.

Although it is not possible to predict with certainty the outcome of these unresolved legal actions or the range of possible loss, the Company believes the unresolved legal actions will not have a material adverse effect on its results of operations, financial position or cash flows.